The benefits of Direct Deposit are many and varied, but for starters, they include the following:

Direct Deposit is simple.

• Once you have signed up for Direct Deposit, you don't have to go to the bank to deposit checks.
• Your money is automatically deposited into your account on time, every time - and you don't have to be at work - or even in town!

Direct Deposit is safe.

• Direct Deposit payments never get lost.
• Direct Deposit is confidential. Money is transferred electronically and passes through fewer hands than a check.
• Problems with Direct Deposit, which are rare, are quickly resolved.

Direct Deposit is smart.

• Direct Deposit gives you access to your money earlier than check deposits. There is no waiting for checks to clear.
• Direct Deposit puts you in charge of your money. Financial planners recommend Direct Deposit as one step towards gaining control of your finances.
• With Direct Deposit, you decide how to divide your pay among your accounts and it will be done automatically.
• Employers will issue a payment summary every deposit that will look much like your paycheck stub looks today. It will show your deductions for taxes, insurance, and other obligations, and will reflect the balance that was deposited into your account(s).