Disbursing your own funds? Check out prepaid checks

There are a variety of situations where you might want to control your own funds for disbursement to employees—that’s why we’re excited to share that checks can now be marked as “Prepaid”.

For partners who have their own disbursement method for employee funds, they can now create a check and follow the normal process, simply marking a check as “prepaid”. Instead of distributing the net wage of an employee automatically, we now give our partners the flexibility to make the choice on if they want this to happen. Whether you’re disbursing your own funds or not, we’ll continue to make payments out on all employer taxes and garnishments that they are liable for.

So, why do this—what purpose do prepaid checks and managing your own disbursement actually serve? One example is if an employee is paid in cash. Often companies will give cash bonuses because it is received differently by their workers than just getting a bigger paycheck.

Zeal partners with a few staffing companies that pay out bonuses to their workers employees with cash. This means that they can easily mark all employee checks that they create as “prepaid”, and Zeal won’t disburse net wages for that employee. These staffing companies simply provide the cash bonus to their employees, and we handle the magic of calculating taxes and deductions, so they don’t have to.

Looking for a better pay solution for your staffing company? Let us know how we can help—get in touch with us to see what we can make possible together!