Why Choose Truv for Direct Deposit Switch?
Truv offers distinct advantages and features that improve the direct deposit switch process for both customers and organizations.
The Truv Difference
- Industry-Leading Coverage: Truv covers 96% of the US Labor Force (158.5M working individuals and 61.8M with benefits).
- Extensive Network: The platform features:
- 2.3M+ Employers
- 93+ Payroll providers
- 290K+ Mapped to payroll providers
- Conversion Optimization: Achieve higher conversion rates with seamless UX and API-based connections.
- Fallback Solution: Truv ensures all customers can switch faster and easier by offering multiple methods: digitally or by providing a signed deposit form to their HR or payroll department.
- Instant Integration: You can start leveraging the power of Truv in a matter of days with guidance from Truv's team on all DDS platform integrations.
Addressing Traditional DDS Problems
| Traditional Problem | Impact | Truv Solution |
|---|---|---|
| Inefficient Methods | Requires manual, tedious work to locate account information and send details to HR/payroll. | Embed a white-labeled Truv experience into your services to enable customers to switch instantly. |
| High Friction Experience | Average switch takes two pay periods, causing frustration with overdraft fees and lack of transparency. | Switch can be completed in <1 minute. |
| Unidentified Growth | Limited-to-no insight into customers' income and employment data. | Review income and employment data to drive future decisions and personalized offers. |