Over 80% of U.S. Workers get paid by direct deposit. Among its many benefits, direct deposit:
- Ensures safety by eliminating lost, stolen and misplaced checks
- Saves time because employers don’t have to rush to sign paychecks on payday
- Removes the hassle of reconciling business bank accounts with checks still outstanding
- Relieves stress when employee net pay is available first thing on payday, even if the payroll package is delayed due to hazardous driving conditions
- Improves productivity because employees don’t waste time in bank lines cashing pay checks
- Ensures timely payment for traveling, sick and vacationing employees
- Offers flexibility to employees by allowing automatic deposits into multiple accounts such as checking, savings and investment accounts
