Why you should consider direct deposit or direct payments


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Are you still receiving paper checks? Do you continue to write checks to pay bills? Are those really the best, safest and reliable financial habits to have in today’s electronic world? May is Direct Deposit and Direct Payments via ACH Month. That means you can do a lot of your banking electronically  — meaning you can eliminate extra trips to your financial institution, save money on stamps and gas, and save a lot of time. It’s easy to set up and it’s convenient. It can help you avoid fees and your money is secure – it’s in your account when you need it. Payments are made on time.

Direct deposit can be used for payroll checks, Social Security payments, tax refunds and other government payments that you receive. To start direct deposit, you need to contact your employer’s payroll office or the organization from which you are receiving payments. Effective March 2013, the US Department of the Treasury requires that all federal benefits are paid electronically. For more information on this subject, visit http://www.GoDirect.org or call (800) 333-1795.

Direct payment via ACH means you make transfers or payments electronically so that you may send money where it needs to be by when it needs to be there. You never have to worry about payments getting lost or stolen in the mail. And some companies offer incentives when you sign up for automatic payments.

If you’re not banking electronically, give it some consideration. You’ll save time and be amazed at how convenient it is. Not only that, but you’ll help the environment as well by eliminating additional paper waste.

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