| Employers can save time and money by using direct | | | | save pounds of paper per year, avoid the release of |
| deposit while benefiting the environment. It is also a | | | | multiple gallons of wastewater into the environment |
| smart way to reduce paycheck fraud, as related to | | | | and avoid pounds of greenhouse gases being |
| counterfeit and/or stolen checks, altered amounts and | | | | released into the atmosphere by switching to direct |
| forged signatures. Direct deposit transactions typically | | | | deposit.This is just one individual employee, the |
| have a lower cost than a paper transaction. You can | | | | numbers for a business, that employs many people, |
| calculate your typical cost savings by using a direct | | | | rise exponentially they can save hundreds of pounds |
| deposit calculator. | | | | of paper, avoid the release of thousands of gallons of |
| The benefits to the environment come in many forms, | | | | wastewater into the environment and hundreds of |
| from the business end to the individual employee. | | | | pounds of greenhouse gas into the atmosphere per |
| When looking at the environmental benefits we have | | | | year. |
| to take into consideration not only the paper but also | | | | Based on a 2008 survey by the Consumer Federation |
| the means the employee uses to deposit a paper | | | | of America, 85% of U.S. employees have access to |
| check. | | | | direct deposit. Of those 85% of employees only 66% |
| Each year paper checks use more than 674 million | | | | choose to use this option for their paychecks. If the |
| gallons of gas and add 3.6 million tons of CO2 to our | | | | 19% of employees not using direct deposit would |
| air. Annually 100,000 tons of CO2 could be reduced if | | | | switch they could save 11,082,971 pounds of paper, |
| employees could eliminate trips to the bank to deposit | | | | avoid releasing 105,709,380 gallons of wastewater into |
| their checks. | | | | the environment, 31,581,675 pounds of greenhouse gas |
| One individual employee, paid with a paper check, can | | | | into the atmosphere and save 4,105,889 gallons of gas. |