Business checking accounts
Settlement by 7 a.m., and a banker who picks up
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Business
Payroll & direct deposit
Pay everyone on time, with one file and one approval
Overview
Upload one file and pay your whole team, whichever bank they use. Paychecks deposited to HBI accounts land immediately; payments to other banks go by same-day ACH or over the real-time payment networks.
Payroll runs on dual authorization by default: one person prepares the file, another releases it. For most businesses this is the single most useful control they put in place.
Why HBI
A bank that reads your interim financial statements
Business banking at HBI starts from how you trade. We look at cash conversion, customer quality and the people running the business, not only at what could be pledged as security.
From the Growth tier upward you deal with a named banker who knows your file. They have a direct line and a published response time, and they stay with the relationship as the business grows.
What you get
Everything that is included
The full list, not the highlights. If something is not here, it is not included.
Features
- Files up to 5,000 employees per batch
- Direct export from QuickBooks, Gusto, ADP and Paychex
- Earned wage access for staff, repaid from the next paycheck
- Federal and state payroll tax deposits scheduled automatically
- Pay stub distribution by email or in-app, with delivery confirmation
- Payment reversal window of 30 minutes on released batches
What you need to qualify
- An HBI Growth or Enterprise business account
- At least two authorized users for dual authorization
- Employee bank details verified through account validation
- Employer Identification Number (EIN) for tax deposit scheduling
Not sure you qualify?Speak to a banker before applying. A conversation costs nothing and does not touch your credit report.
Pricing
Fees & rates
Published here, and the same figure you will see in your quotation.
| Service | Fee | Notes |
|---|---|---|
| Direct deposit to an HBI account | Free | Immediate |
| Direct deposit to another bank | $0.25 each | Same-day ACH |
| Account validation | $0.45 each | Checked before first payment |
| Pay stub distribution | $0.10 each | Email or in-app |
| Earned wage access | $2 per advance | Repaid next payroll run |
Fees and rates are reviewed annually and published at least 30 days before any change takes effect. Terms and conditions apply.
Good to know
How we look after you
Three commitments that apply to every business product, this one included.
Controls come switched on
Dual authorization, account verification and user permissions are the default on business profiles. You choose to relax them; you do not have to remember to add them.
Your data feeds your books
Daily statement feeds run to QuickBooks, Xero and NetSuite, and reconciliation files are available for anything else, so month end starts from matched figures.
Decisions come with reasons
When we decline or reduce a facility we explain why and what would change the answer, so the next application is a better one.
Questions
Questions clients actually ask
If yours is not here, a banker will answer it directly.
There is a 30-minute window after release during which a batch can be recalled. After that, individual payments must be recovered from the recipient.
We accept direct exports from QuickBooks, Gusto, ADP and Paychex, and a standard NACHA or CSV file from anything else.
A check that the account number and the employee’s name match before the first payment. It catches transposed digits and is the cheapest fraud control available.
Staff draw up to 40% of wages already earned before payday. We recover it from the next payroll run. The business carries no credit risk.
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Ready to take this further?
Apply online in about ten minutes, or ask a banker to call you at a time that suits.