Payroll Services
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Simplify Payroll Processing

Automate your payroll processing through Paychex® Payroll. Merrill Lynch has partnered with Paychex to offer you cost-effective and efficient payroll processing solutions through your Working Capital Management Account® (WCMA® account). Fees vary based on the type of services selected.

  • Automate your payroll processing through your WCMA account
  • Improve business intelligence through comprehensive payroll reporting
  • Save on payroll processing fees

To enroll, contact a Merrill Lynch Financial Advisor, use the branch office locator to find an office near you, or call (866) 4ML-BUSINESS (465-2874) .

To contact a PayChex®  representative, please click here.

Payroll Services Features

Direct Deposit service

Electronically pay your employees directly from your WCMA account.

Readychex® service

Local check-writing capabilities where your payroll checks are drawn from local bank accounts maintained and reconciled by Paychex.

Paychex Access Card service

Employees without bank accounts can access their pay via an ATM withdrawal or point-of-sale purchase.

Taxpay® service

File payroll tax returns and deposits with the appropriate government agency. Paychex assumes full responsibility for the accuracy and timeliness of your payroll tax deposits and returns.

Enrollment savings

Receive a 10% savings during the first year on payroll processing fees.

Payroll reporting

Comprehensive payroll checks and earnings statements include current pay period, year-to-date wages, taxes and adjustments. Detailed payroll journals and department summaries show cumulative totals by month, quarter and year.

Check printing

Payroll checks ready for signature and distribution.

Optional services

Choose from a suite of online services such as Paychex Online PayrollSM, General Ledger Reporting, Paychex Online Reports and Internet Time Sheet.

Frequently Asked Questions About Payroll Services

What is Paychex® Payroll service?

Paychex Payroll is a national provider of payroll services. Merrill Lynch has partnered with Paychex to offer you cost-effective and efficient payroll processing solutions.

How much does the Paychex Payroll service cost?

Paychex Payroll customizes its services based on the client’s particular needs and prices the package accordingly. Pricing is different depending on region, company size and needs.

Will Paychex Payroll work if I have 10 employees or fewer?

Yes, approximately half of Paychex’s clients have fewer than 10 employees.

Will Paychex Payroll be able to answer questions concerning payroll tax laws?

Yes, Paychex representatives receive ongoing training throughout the year on tax laws.

Related Products & Services

For your business financial needs:

For your personal financial needs:

Merrill Lynch, Pierce, Fenner & Smith Incorporated is a registered broker-dealer, not a bank and the WCMA account is not a bank account. Banking services are provided by licensed banks or by third parties through arrangements with licensed banks. Unless otherwise indicated, investment products are not FDIC-insured, not guaranteed by a bank and may lose value.

Working Capital Management Account and WCMA are registered service marks of Merrill Lynch & Co., Inc.

Paychex is a registered trademark of Paychex, Inc.

Paychex Online Payroll is a service mark of Paychex, Inc.