Nextep Stands Ready to Support Clients Through Silicon Valley Bank Closure

Beth Dean 03.12.23
Nextep Unaffected by SVB Closure

Don’t worry. Nextep’s payroll processing is unaffected by the SVB closure.

At Nextep, we understand that the recent closure of Silicon Valley Bank (SVB) has caused concern for our clients and their employees who bank with SVB. We want to assure you that Nextep’s ability to process payroll remains unaffected by this event.

We are committed to supporting our clients and employees during these challenging times. If you have a pending payroll transaction with Nextep or any upcoming payroll transactions funded through SVB, please reach out to our Payroll Department. Our team is ready to work with you and make any necessary changes to ensure timely and accurate payroll processing.

At Nextep, we have all the resources available to help guide your business through this event. We are here for you and want to support you in any way we can.

If you have any questions or concerns about this issue, please do not hesitate to contact us at 888.811.5150 or payroll@nextep.com. We are always here to help and support you. Don’t worry; together, we can navigate through this situation.

To learn more about the closure of SVB, please visit the FDIC’s notice and answers to frequent questions.

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