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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.

 

 What is Internet Banking?

 Internet vs. Traditional Banking

 

 Electronic Bill Paying

 

 Direct Deposit

 

 Online Banking Fees

 

 

 

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