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Why use Direct Deposit?


Why should you use Direct Deposit?

Direct Deposit is safe and confidential.

- Payments made by Direct Deposit have never been lost. In fact, you are much more likely to have a problem with a check. 

- Direct Deposit is more confidential. A check passes through many more hands than an electronic transfer. 

- Problems, which are rare, are quickly resolved. By contrast, problems with checks may take much longer to correct, sometimes up to three weeks. 

Direct Deposit is convenient and saves time for your employees.

- By using Direct Deposit, employees may save the equivalent of three workdays each year by not having to go to the bank to deposit checks. 

- Employees don't have to be in town for their money to be securely deposited into their account. No more extra trips to the office to pick up paychecks. 

Direct Deposit is fast.

- Direct Deposit gives many people access to their payments one to four days earlier than a check. There is no waiting for a check to clear. 

Direct Deposit helps employees manage their finances.

- With Direct Deposit, employees decide how to divide their pay among their accounts and it will be done automatically each payday. 

- Direct Deposit gives employees control. Financial planners recommend Direct Deposit as one step towards gaining control of your finances. 

- Most employers will issue a payment stub that is identical to what employees receive with a traditional paycheck. It will show how much was deposited into their account and how much was taken out for taxes, insurance and other items. 


EZ-Direct Deposit is a Trademark of Coastal Software & Consulting, Inc.



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