Direct Deposit is the electronic transfer of a payment from a company or organization into an individual's checking or savings account.
Direct Deposit is an ideal way to receive your pay, travel reimbursements, tax refunds, pensions, dividends, bonuses, and more.
Most large companies (500+ employees) and many small- and medium-sized companies offer Direct Deposit. It has become a staple in today's employee benefit packages.
Businesses of all sizes can offer Direct Deposit. Ask your employer for Direct Deposit.
Employees who use Direct Deposit can access their pay in their accounts at their financial institution's opening of business on payday. There is no waiting for checks to clear.
Many businesses give employees the option to split their Direct Deposit between their checking and savings accounts.
Problems with Direct Deposit are rare. If there is a problem, it can usually be resolved with as little as one phone call.
Ninety-seven percent of those who use Direct Deposit are very satisfied with it.
Three out of four employees who have Direct Deposit available use it.
Financial institutions and governments use Direct Deposit to transfer millions of dollars every day. Your money is safe with Direct Deposit.
Every year, paper checks use over 674 million gallons of fuel and add 3.6 million tons of CO2 to the environment. Signing up for Direct Deposit will benefit the environment we all share.
"Use Direct Deposit and (Direct) Payment. The less you handle your money, the less you'll waste. Have your pay put directly into your checking account. Then set up monthly deductions to move cash to mutual fund or brokerage accounts for automatic investments."
