Direct Deposit Services

Direct Deposit and Direct Payment simplify and streamline your business’ payment process, as well as lower processing expenses. Set up is convenient when you use Comerica TM Connect Web^SM—a tool within the Comerica Treasury Management Connect^SM suite of applications. Or, if you prefer, you can arrange to use another predetermined file format.

Direct Deposit and Direct Payment are functions of the Automated Clearing House (ACH) service, an electronic payment method that utilizes a nationwide network for credit and debit payments. Some of the most common uses of ACH for payments include the following:

Payroll
Taxes
Expense reimbursements
Dividends
Business to business
Collection of billings on a regular payment schedule

For direct deposit payments, you provide Comerica with payment information (through Comerica TM Connect Web^SM, for example). Your employees, retirees, or business partners would then receive their pay directly into their accounts (checking or savings).

For collections, you (along with your customer) would arrange to have your customer’s account debited for regularly scheduled payments due you.

You no longer have to spend the time or effort creating, reissuing and reconciling checks. You’ll enjoy the benefits of faster funds availability, improved collections, and fewer returns from your direct payments.