Learn About the Benefits of Direct Deposit
If you’re still getting your paycheck, tax refund or government benefits as paper checks, you’re spending more money and waiting longer than you need to.
Instead, direct deposit lets you get access to your money instantly. Read on the learn more about how direct deposit can benefit you.
If you have a job, then paycheck direct deposit services can help you get your hard-earned money quicker, cheaper and safer.
Perhaps most importantly, you get your direct deposit early when compared to a standard check. You do not need to spend time and money travelling to the bank, waiting for the bank to open or waiting for the check to process and clear.
In some cases, this means you will actually get paid two days faster than your co-workers who get paper checks. And you will not have to worry about any check-cashing fees!
Furthermore, with a paycheck deposit, you will never have to worry about your check getting lost, stolen or damaged and further delaying access to your money.
Getting direct deposit for your paychecks is simple: If your employer offers payroll direct deposit services, just ask for an employer direct deposit form. You will have to provide your bank account information. Then, any payments from your employer should instantly go to your account electronically. Your employer may still give you a direct deposit pay stub to have for your records.
If you do not have a direct deposit checking account, consider researching banks and comparing their benefits. Many banks will offer free checking accounts with direct deposit. As long as you are getting direct deposit payments, some banks will not charge you any service fees.
If you do not want to open an account, your employer may allow you to use a prepaid card with direct deposit capabilities.