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UPS Discussions
UPS Payroll Phone Number - REWARD!!!
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<blockquote data-quote="Kae3106" data-source="post: 675559" data-attributes="member: 27557"><p>We actually have more than two primary banks that are used for payroll. </p><p></p><p>It is primarily due to geographical issues. Not all banks have equal geographic distribution of branches though this is changing as the big banks continue to merge. Since a bank will generally cash a payroll check drawn on it for a non-account holder, they use a bank with strong representation in that region. So payroll checks in one region may be drawn on an account with Bank of America but another region may be Wells Fargo, another region on Citibank, etc. It's actually done for employee convenience, not interest accrual.</p></blockquote><p></p>
[QUOTE="Kae3106, post: 675559, member: 27557"] We actually have more than two primary banks that are used for payroll. It is primarily due to geographical issues. Not all banks have equal geographic distribution of branches though this is changing as the big banks continue to merge. Since a bank will generally cash a payroll check drawn on it for a non-account holder, they use a bank with strong representation in that region. So payroll checks in one region may be drawn on an account with Bank of America but another region may be Wells Fargo, another region on Citibank, etc. It's actually done for employee convenience, not interest accrual. [/QUOTE]
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UPS Payroll Phone Number - REWARD!!!
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