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Advantages of Direct Deposit
Convenience. It's why the fast-food business is a trillion-dollar
industry. It's why you keep a telephone on your bedside table.
And it's also why more and more people everyday sign up to
have their paychecks deposited directly into their bank accounts.
- Direct deposit transactions are fast, reliable, and safe.
- You can control where and how much money goes into your
various bank accounts, as well as those you share with your
husband.
- Save time--studies have discovered that the average worker
spends anywhere from 8.5 to 24 hours a year cashing payroll
checks.
- Save money--you won't be tempted to make a withdrawal
simply because you're already at the bank to make a deposit.
- Direct deposits are usually authorized a day in advance
of payday, and frequently the transaction is processed so
you get your money a day earlier than everyone else.
- You don't have to make special arrangements to get your
paycheck if you're out sick or on vacation on payday.
- Since there's no paperwork, your paycheck can't get lost
or stolen.
Advantages of Direct Deposit
Sure, there's a list of advantages here, but what's most
notable is that there are currently no widely recognized disadvantages
to a direct deposit program.
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