Direct Deposit for "Surprise" Bonuses
Every year our company distributes an annual bonus to our employees of which there is an element of surprise in the amount of the bonus. It's mostly based on the profitablity of the company so no one really knows how much they are going to get until the day of the bonus. To maintain the element of surprise the company has always paid this bonus by check and hand delievered the checks to the individuals on bonus day. And then everyone goes and parties.
We really want to get rid of the paper part of the process aka checks, but are concerned about the element of surprise. I know that some banks, particularily credit unions, can prepost the transcations sent via ACH, which would then be viewable by the account holder even though the funds are not available until the value date of the transaction.
Any ideas? Pay cards were dismissed as that seemed just as much of an administrative headache as a check. Wires are too expensive. Is this possible?