What are the new options that our company has for processing employee direct deposits?

Due to recent changes to the NACHA regulations, Fuse is no longer offering 3-day ACH funding of Employee Direct Deposits as of 07/01/2021.

The following options are now available:

  1. 5-Day ACH processing window:
    1. Process payrolls at least 4 business days prior to the Check Date
    2. Fuse Workforce processes ACH Debits from your company bank account to occur 3 business days prior to the Check Date.
      1. Separate ACH Debits for:
        1. Direct Deposits
        2. Payroll Taxes
        3. Invoice Fees
  2. Pre-fund with a wire:
    1. Process payrolls at least 2 business days prior to the Check Date
    2. Initiate wires through your bank to Fuse Workforce, pre-funding your direct deposits, no later than 1 business day prior to the Check Date
  3. Pre-fund with a reverse wire***:
    1. Authorize your bank to allow Fuse Workforce to initiate reverse wires (aka draw-down wires)
    2. Process payrolls at least 2 business days prior to the Check Date
    3. Fuse Workforce initiates a reverse wire from your company bank account 1 business day prior to the Check Date, for the direct deposits
      1. Note: Depending on the amount or your Federal Tax liabilities in each payroll, a 2nd wire may be needed for the total tax liability from each payroll, in addition to the wire for the direct deposits
    4. Fuse Workforce processes ACH debits from your company bank account to occur 1 business day prior to the Check Date
      1. Separate ACH Debits for:
        1. Payroll Taxes
        2. Invoice Fees
    5. Fuse charges an additional processing fee of $10 per wire for reverse wires
  4. Process direct deposit through your bank:
    1. Process payrolls at least 2 business days prior to the Check Date
    2. Fuse Workforce generate a NACHA file for you to then provide to your bank for them to process your direct deposits

      ***In order to set your company up for the reverse wire option, there are 2 forms that will need to be completed and returned to Fuse.

      1. Wire Drawdown Request Authorization
      2. Wire Drawdown Request Agreement