- 61% of consumers receive one or more payments via Direct Deposit. (55% of employees; 80% of Social Security recipients.)
- 71% of employees who have Direct Deposit available use it.
- 97% of those who use Direct Deposit are very satisfied with it.
- Companies can save up to $0.50 - $0.60 per payment by using Direct Deposit instead of checks.
- Studies show that consumers may spend the equivalent of three workdays of each year going to the bank.
- The chance of having a problem with a check in 20 times higher that with Direct Deposit.
- Taxpayers who file electronically and choose Direct Deposit receive their refunds in an average of 14 days, less than half the time it takes to receive a refund from a paper return. (Internal Revenue Service)
For additional information on Direct Deposit.
Direct Deposit Authorization Form
Please e-mail us if your company wants to get started with Direct Deposit--we can make it easy for you!
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