![]() In other words, if they specify a release date that is the 15th of the month, they may order the transfer to be done on the 11th or the 12th of the month. ![]() Companies will often have the direct deposit transmitted a few days before the release date. They will set up a batch direct deposit order containing the information pertaining to each employee, specifically including the routing number and the account number, and of course, the amount.The company will instruct their bank to process this direct deposit order, which involves doing transfers for each employee over the ACH network based on the routing number.In addition to the routing number, the account number, and the amount, there will be a “release date”. ![]() Ok, let’s take this slowly.A company prepares a payroll for direct deposit. ![]()
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