A special bank account used solely for the purpose of paying employees, by depositing in the account each pay period an amount equal to the total employees' net pay and drawing the employees' payroll checks on the account, is a (n) :

Payroll bank account

Explanation:

A payroll bank account is a separate checking account that businesses employ solely to pay employees their payroll checks. Payroll is a broad constituent of some businesses, it's easier and much more secure to use a separate checking account for payroll instead of utilizing the main operating account.

Keeping a separate payroll banking account makes it easy to reconcile bank transactions. Most of the reconciling transactions would be similar in nature, involving check or electronic fund transfers, because many people prefee direct deposit of their paychecks