Benefits of Magnolia ACH Origination Direct Deposit:

For Companies:

• Lower Cost: Savings of up to $1 per employee rather than paper checks
• No Distribution of Checks
• Added benefit to employees
• No Lost Checks
• No Check Reconcilement
• Reduces Company Time Spent by Employees in Depositing Checks

For Employees and Consumers:

• No trip to the Bank
• No Lost/Stolen Checks
• Guaranteed Deposits - Vacations, Sick Days
• Encourages Savings