ACH Payroll Processing & Fedwire Blog

ACH Payroll Processing & Fedwire Blog

  • The dangers of check floating

    The dangers of check floating

    Date : Monday, March 28, 2016

    Payday is an occasion every person looks forward to. Although each company uses a different method to compensate their workers, 96 percent of Americans are paid electronically via direct deposit, according to the American Payroll Association. This immediate transfer of funds is welcomed by employees around the country, especially because they have other bills to pay and expenses to take care of. To manage their wide variety of daily, weekly and monthly costs, people still utilize checks. However, the practice of check floating becomes increasingly troublesome with the rise of automatic payments.

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