Direct deposit involves electronically crediting consumer
checking or savings accounts through the Automated Clearing House
(ACH), instead of disbursing checks. Replacing paper checks
with electronic credits reduces your business' costs and checking
account fees, and also provides an important benefit (or payment
alternative) to payment recipients.
Although direct deposit is most commonly used to disburse
payroll credits to employees, it can also be used to disburse
pension payments, annuity payments, and stock dividends.
Electronic payments replace
Eliminates or reduces check handling
and reconciliation costs
Reduces investigation and replacement
costs of lost and stolen checks, and enhances fraud control
User friendly internet product
provided by SSB which enables our clients to create and transmit
direct deposit files through the Bank via a personal computer
anywhere. Learn more
Sandy Spring Bank will offer your
employees who wish to have their pay deposited at SSB a package of
preferred financial services - including free checking.
To open a Sandy Spring account:
Lending Policy Statement is available to view online.
* Subject to credit approval.