Benefit Accruals | Direct Deposit | Pay Cards

Benefit Accruals

Managing your employee paid time-off benefits is simple with Coastal Payroll’s platform.

We can manage any type of benefit accrual from sick, vacation, floating holiday or PTO…we’ve seen them all! We’ll even assist you with defining or modifying your benefit accruals. Our software automates the accrual process – we build the policy, accrual rates, limits and the system takes care of the rest. Each payroll you will receive accrual reports showing hours earned, used, available balances, and the dollar value of the liability for your accounting ledgers.

Better yet, our software allows your employees to submit time off requests electronically. Managers receive emails notifying them of time off requiring review, the approval/denial is performed in our software and email notifications occur for each status change. We even offer time off calendars to inform managers and administrators of upcoming days off for staff.

Let our team take care of the work.

 

 

_____________________________________________________________________________

Direct Deposit & Check Signing

Coastal Payroll offers full direct deposit and check signing services. We also offer Pay Cards for your employees who may not have bank accounts, allow them to also participate in direct deposit.

To preserve the security of your payroll information, all of our checks are pressure-sealed before packaging. We laser sign your payroll checks using single, double, or triple signature lines and even add your company’s logo and address to your payroll checks if you like! We then pressure-seal the checks. The employee’s name and address, division, department, employee number, and check number print on the outside of the check to help you get them all in the right hands. Signed, sealed, and delivered.

Many employers do not enjoy the burden of reconciling paychecks for their staff so we offer our Official Bank Check service to those employers. With this service, we impound all funds for live payroll checks (checks not paid via direct deposit) and issue those checks from our account. This eliminates the need for the employer to reconcile the outstanding checks each month and puts the burden on us.

_____________________________________________________________________________

Pay Cards

Our SOLE pay card solutions is a great alternative to paper checks; pay your employees instantly and eliminate the hassle of lost checks.  Money is deposited directly on to the card on the day of pay, with unlimited point of sale purchases and the ability to check your balance over the phone.

 

WHAT IS THE SOLE VISA® PAYROLL CARD?Screen-Shot-2015-04-30-at-1.06.53-PM

The SOLE Visa® Payroll Card is a payroll prepaid card that eliminates paper checks and the need to convert checks into cash. The payroll card is funded as a direct deposit transaction through your existing payroll system. No bank account or credit check is required. All of your employees are eligible.

WHY DO I NEED IT?

The SOLE Visa® Payroll Card allows you to save more by cutting costs in check printing and shipping. According to NACHA, companies can save up to $3.15 per payment by using direct deposit instead of paper checks.* A company with 100 employees on paper checks can save nearly $19,000 a year by switching to direct deposit.

*Source: Employee Benefit Research Institute and Mathew Greenwald & Assoc., Inc., Retirement Confidence Survey

WHY DO MY EMPLOYEES NEED IT?

Give your unbanked employees the convenience of direct deposit. The SOLE Visa® Payroll Card eliminates the necessity of inconvenient and expensive check-cashing stores. Your unbanked employees will now be able to enjoy the same cost-saving, time-saving benefit of direct deposit already available to those with traditional bank accounts. They will be able to pay bills and make purchases online, use their card everywhere Visa debit cards are accepted, and get cash back at point-of-sale, banks, and ATMs.