As a Company, what will I see on my bank statement?

When running payroll through Band of Hands, you'll be charged for payroll wages, payroll taxes, workers' compensation, and BoH check fees. These charges will be collected in a single sweep payment method, which streamlines the process. You can view detailed invoices for each payroll run in your account under the "Payroll" tab. Additionally, please note that your workers' compensation rate has changed from 2.29% to 1.54%, effective February 1, 2025.