Client Wire Policy

Client Wire Policy

Wire Policy

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Complete Payroll has multiple partnerships with banks who assist with the transferring of all payroll funds through ACH. Based on some of their regulations, there are times where federal wires are required instead of the standard ACH. If a wire is ever needed, your payroll specialist will promptly let you know and discuss timelines. Below is our standard policy on when a wire is required.

Clients will wire funds for the total payroll (unless noted otherwise) when one or more of the following criteria are met:

  1. The Total Tax Liability is $100,000 or higher during one deposit frequency (Client will only wire tax amount)
  2. The total Direct Deposit Liability is $500,000 or higher for a single payroll
  3. The Direct Deposit Liability for a single employee is $100,000 or higher for a single payroll
  4. The required two banking day window is not met for a direct deposit payroll.

Cutoff Times

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When a wire is required, funds must be received in our Trust account by 2 PM CST, one day prior to check date. If the wire is received after this time, the check date must be moved.

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For tax payments only, funds must be received in our trust account by 2 PM CST on check date. Tax payments will not be remitted until the wire is received.

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