| More than half of employees (Over 70%) have | | | | rely on your funds being cleared and in your account in |
| converted to Direct Deposit as their preferred method | | | | a timely manner. |
| of payment. As more people come to the realization | | | | - Helps you to better manage and budget your money |
| that Direct Deposit is simply safer and more | | | | to avoid OVERspending. |
| convenient, these numbers continue to rise - rapidly. | | | | 6. Quicker Tax Refund |
| Let's review ten reasons why Direct Deposit is rapidly | | | | - You'll get your tax refund back MUCH quicker with |
| ripping paper checks to shreds: | | | | Direct Deposit as opposed to waiting weeks for a |
| 1. Direct Deposit Saves You Time | | | | paper check. |
| - Funds are conveniently deposited in your account | | | | 7. More Flexible |
| electronically - saving you trips to the bank and helping | | | | - Can be used for not only payroll, but benefits |
| you avoid long lines at tellers or ATMs. | | | | payments as well i.e. social security payments, SSI, |
| - No more waiting for checks to clear... Funds clear | | | | etc... |
| instantly! | | | | 8. Debt Control |
| 2. Your Money is Safer and More Secure | | | | - The less money you handle, the less you'll spend. |
| - You'll never have to worry about lost or stolen | | | | Direct Deposit actually helps prevent you from |
| checks and can avoid the risk of carrying cash. | | | | OVERspending and gives you ease of discipline over |
| - Direct Deposit is more confidential. Since deposits are | | | | your finances. When you cash a paper check you are |
| transferred electronically it passes through fewer | | | | much more likely to be tempted to "impulse spend". |
| hands than a paper check. This helps protect you from | | | | 9. Preferred by Employers |
| becoming a victim of identity theft. | | | | - Makes you more attractive to employers because it |
| 3. It's Wiser | | | | saves them the expense and hassle of having to print |
| - You can access your money earlier - No more | | | | payroll checks |
| waiting for checks to clear. (Usually at the strike of | | | | - Most employers view Direct Deposit as a sign of you |
| 12:01a.m. on payday funds are available for use). | | | | being current or "up-to date". These days they expect |
| - Puts you in complete control of your finances... You | | | | you to be in the NOW i.e. computer literate, e-mail |
| can automatically divide your funds amongst different | | | | equipped, direct deposit, etc... |
| accounts with ease. | | | | - The workforce is rapidly converting to Direct Deposit. |
| - You're always a step ahead! - Employers will issue | | | | Studies show that over 80% of large companies offer |
| you a paper stub, in advance, so that you'll already | | | | direct deposit, as it has become a staple in today's |
| know the amount of your direct deposit before it hits | | | | employee benefits packages |
| (including taxes, insurance, and any other deductions). | | | | 10. Overall Peace-of-Mind and Convenience |
| - Financial planners recommend Direct Deposit as a | | | | - The chance of having problems with a check is 20 |
| proactive step toward gaining control of your finances. | | | | Times Higher than with direct deposit. And you don't |
| 4. It's Simpler | | | | need that headache. Let's face it...in these days and |
| - Once you sign-up for Direct Deposit you don't have | | | | times everyone's schedule is hectic. Business |
| to worry about it anymore. Your money is deposited | | | | matters...Family matters...Work-related issues...and the |
| on time, every time... regardless of where you are. Try | | | | list just never ends! Having Direct Deposit is Peace of |
| that with paper checks. | | | | Mind - It's just one less thing you have to worry about |
| 5. Saves You Money | | | | because it's totally independent. It takes care of itself |
| - Avoid check cashing fees | | | | as your reliable servant -regardless- of whether you're |
| - Save gas money from traveling back and forth to | | | | at work, out sick, on vacation, or on the other side of |
| the bank or check-cashing store. | | | | the World! |
| - Avoid bounced check fees because you can always | | | | |