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Thanks for posting! Direct Deposit takes 3-5 banking days to process and deposit. So if you ran payroll 3/19, your employees should receive their paychecks sometime between 3/24 - 3/26. If you have any questions, you can always contact your bank to make sure they received the payroll request and that everything is set-up correctly.
Processing Time. Although direct deposit is an option no matter how you file a federal tax return, e-filing combined with direct deposit usually is the fastest option. For example, while it takes the IRS about six to eight weeks to process an error-free paper return, it can process an e-filed return in about 21 days.Errors and inaccuracies can extend the processing time.n most cases, youâll receive a state tax return even sooner than a federal return if you e-file. If you e-file a state return and a federal return together, the IRS will forward the return to your state after it accepts your federal return. Otherwise, you can e-file a state return directly.