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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.