Wells Fargo gives you choices in how you manage the task of paying employees and contractors. Whether you’re looking for a full-service payroll and payroll tax solution, or simply just want to pay your employees by direct deposit, Wells Fargo has a service to meet your needs.
|OptRight® Payroll Solutions||Direct Pay|
|Best Suited For||Businesses of all sizes that are looking for a full-service payroll and payroll tax solution||Small businesses and sole proprietors looking to make direct deposit of net pay and expense reimbursements to employees and contractors|
|Features||Accessible through Wells Fargo Business Online®||Accessible through Wells Fargo Business Online®|
|Choose how employees get paid — direct deposit, cashier’s checks, or Wells Fargo® PayCard||All payments made by direct deposit|
|Select how you input payroll details — online, phone, fax, or email||Enter payee details and net pay amounts online only|
|Provides W-2s/1099s||No W-2s/1099s provided|
(only used for direct deposit of net pay)
|Set up additional users with different access levels||Set up additional users with different access levels|
|Over 20 standard reports including:||Variety of reports, customizable by:|
|Covered by payroll tax guarantee1||Covered by Online Security Guarantee|
|A team of payroll experts available Monday through Friday, 7:00 am to 7:00 pm Central Time||Customer service support available Monday through Friday, 6:00 am to 6:00 pm Pacific Time|
|Additional employee advantages:|
|Take a tour||Take a tour (Flash†) of Direct Pay|
|Cost||Depends on a number of factors.|
100% money-back guarantee: if you are not completely satisfied with our payroll service, you may cancel service within 90 days of your first payroll processing and receive a full refund of all fees paid.
|Direct Pay access costs $10 per monthly billing cycle.|
Payments to non-Wells Fargo personal bank accounts are $0.50 per payment. There is no per-payment charge for payments made to Wells Fargo personal bank accounts.
|Additional Services||OptRight Time and Attendance Solutions|
Automate your employee time-keeping system, and eliminate manual time card preparation and processing.
Easily access forms, posters, and HR and benefits assistance to keep up to date with laws for small businesses.
Streamline your payroll by embedding workers’ compensation insurance payments automatically into your payroll process.
|Use Direct Pay to pay vendors|
In addition to paying employees / contractors by direct deposit, you can also use Direct Pay to pay vendors or make other business payments. It’s a convenient alternative to domestic wires — payments can be received as fast as the next business day.2
Direct Pay payments to business bank accounts are $3 each.
|How to Enroll|
or call 1-800-421-4714.
or call 1-888-245-8454.
1 As long as the information provided is accurate and on time and the account is sufficiently funded, the payroll tax deposits and filings will be accurate and on time or we’ll pay any resulting fees and penalties assessed by the applicable taxing agency.
2 Payments scheduled on a business day by 3:00 pm Pacific Time can be received as soon as the following business day provided you have sufficient funds in your account.
Wells Fargo Bank, N.A., Member FDIC.
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