Employees who use Direct Deposit can access their pay in their accounts at their financial institution's opening of business on payday - there is no waiting for checks to clear.

The chance of having a problem with a check is greater than with Direct Deposit.

Many financial institutions offer free checking or other account benefits to consumers who use Direct Deposit.

What Is Direct Deposit?

Direct Deposit is the electronic transfer of a payment from a company or organization into an individual's checking or savings account.

Direct Deposit is suitable for more than just payroll. It can be used for expense reimbursements, tax refunds, pensions, dividends and bonuses.

Employers of any size can offer Direct Deposit to their employees.