| The Direct Deposit Option lets you deposit your | | | | direct deposit. |
| payroll to employees' personal bank accounts | | | | 3. No more lost checks. Nobody is perfect, and |
| without printing paychecks. There are distinct | | | | that includes employees. With printed checks, |
| benefits for your company, your employees, and | | | | there is always the opportunity for lost checks. |
| the environment by moving to direct deposit. | | | | An employee puts a check in their pocket and |
| Here are five reasons to make the switch! | | | | forgets about it. Direct deposit eliminates that |
| 1. Help the environment. What is a printed check if | | | | possibility, saving employers the cost of reprinting |
| not an expendable piece of paper which costs | | | | checks, and helping employees keep their pay |
| your organization money, yet lasts only until it | | | | without incident. |
| makes its way to the bank? By having pay | | | | 4. Employees love it! Employees get their money |
| deposited electronically, the need for printed | | | | faster. On pay day, money shows up in employee |
| checks is eliminated. This helps the environment | | | | accounts seamlessly, as opposed to a paper |
| by reducing paper checks, envelopes, and printer | | | | check which takes time to deposit. People are |
| ink and wear. According to | | | | often busy and don't deposit their checks right |
| electronicpayments.org, checks add 3.6 million tons | | | | away. No more having to come in on days off to |
| of CO2 to the environment as they travel | | | | pick up a check. With direct deposit, employees |
| through the payment cycle! | | | | don't have to worry about getting to the bank on |
| 2. Save time and money. Think of the process of | | | | time. Their money is already in their account |
| printing paychecks. Gather the pay data. Be sure | | | | waiting for them! |
| to keep enough checks on-hand. Get the printer | | | | 5. Improved security. Direct Deposit can help |
| ready. Line up the paper. Print and collate the | | | | protect you from losses incurred by fraud |
| checks. Hand them out or mail them. Keep the | | | | because of counterfeit, forged or altered checks. |
| ones for the employees not present and | | | | This subject is important now more than ever, |
| remember to hand them out when they are | | | | and direct deposit is a simple way to improve |
| present. Just think of all the steps you can | | | | security. |
| eliminate by sending pay electronically! This saves | | | | Adding direct deposit is a win for your company, |
| your company valuable time and money. | | | | your employees, and the environment. Implement |
| According to NACHA, small companies can save | | | | it today and give yourself a pat on the back for a |
| up to $3.15 per payment per employee by using | | | | job well done! |