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The Benefits of Direct Deposit

The Benefits of Direct Deposit What types of payments can be made by Direct Deposit Pension Payments Income from Тax Refunds Investments Paychecks from Government Benefits Checks Employer 60% of employees in the United States are paid using Direct Deposit into their bank accounts As many as As of June 2011 145 76 million million Americans use Direct Deposit to receive their pay or government benefits taxpayers chose Direct Deposit and got their refunds faster than by paper checks Direct Deposit is... simple • Setup for Direct Deposit is easy. • Requires less manual handling than paper checks. safe • Fewer people involved in the payment process. • Uses a secure payment network to send & receive payments. smart • Allows for timely depositing of checks. • Reduces time required for checks to clear. • No need to spend time visiting bank or ATM to deposit checks. • Payments can be divided automatically between accounts. • There is no cost for Direct Deposit. Direct Deposit helps the environment ATM Each year, checks use more than 674 million gallons of fuel and add 3.6 million tons of CO2 to the environment as they travel through the payment cycle. The change to Direct Deposit will provide significant savings to American taxpayers who will no longer incur the annual $120 million price tag associated with paper checks and will save Social Security $1 billion over the next 10 years. Source: nfib.com/business-resources/business-resources-item?cmsid=19045 eta-find gov/DirectDepositFacts.cfm efile.com/efile-tax-return-direct-deposit-statistics electronicpayments.org godirect.org/media/release/treasury-extends-direct-deposit-to-millions-of-americans Kiboo Copyright © 2012 Kiboo LLC. All Rights Reserved. www.kiboo.com The Benefits of Direct Deposit What types of payments can be made by Direct Deposit Pension Payments Income from Тax Refunds Investments Paychecks from Government Benefits Checks Employer 60% of employees in the United States are paid using Direct Deposit into their bank accounts As many as As of June 2011 145 76 million million Americans use Direct Deposit to receive their pay or government benefits taxpayers chose Direct Deposit and got their refunds faster than by paper checks Direct Deposit is... simple • Setup for Direct Deposit is easy. • Requires less manual handling than paper checks. safe • Fewer people involved in the payment process. • Uses a secure payment network to send & receive payments. smart • Allows for timely depositing of checks. • Reduces time required for checks to clear. • No need to spend time visiting bank or ATM to deposit checks. • Payments can be divided automatically between accounts. • There is no cost for Direct Deposit. Direct Deposit helps the environment ATM Each year, checks use more than 674 million gallons of fuel and add 3.6 million tons of CO2 to the environment as they travel through the payment cycle. The change to Direct Deposit will provide significant savings to American taxpayers who will no longer incur the annual $120 million price tag associated with paper checks and will save Social Security $1 billion over the next 10 years. Source: nfib.com/business-resources/business-resources-item?cmsid=19045 eta-find gov/DirectDepositFacts.cfm efile.com/efile-tax-return-direct-deposit-statistics electronicpayments.org godirect.org/media/release/treasury-extends-direct-deposit-to-millions-of-americans Kiboo Copyright © 2012 Kiboo LLC. All Rights Reserved. www.kiboo.com The Benefits of Direct Deposit What types of payments can be made by Direct Deposit Pension Payments Income from Тax Refunds Investments Paychecks from Government Benefits Checks Employer 60% of employees in the United States are paid using Direct Deposit into their bank accounts As many as As of June 2011 145 76 million million Americans use Direct Deposit to receive their pay or government benefits taxpayers chose Direct Deposit and got their refunds faster than by paper checks Direct Deposit is... simple • Setup for Direct Deposit is easy. • Requires less manual handling than paper checks. safe • Fewer people involved in the payment process. • Uses a secure payment network to send & receive payments. smart • Allows for timely depositing of checks. • Reduces time required for checks to clear. • No need to spend time visiting bank or ATM to deposit checks. • Payments can be divided automatically between accounts. • There is no cost for Direct Deposit. Direct Deposit helps the environment ATM Each year, checks use more than 674 million gallons of fuel and add 3.6 million tons of CO2 to the environment as they travel through the payment cycle. The change to Direct Deposit will provide significant savings to American taxpayers who will no longer incur the annual $120 million price tag associated with paper checks and will save Social Security $1 billion over the next 10 years. Source: nfib.com/business-resources/business-resources-item?cmsid=19045 eta-find gov/DirectDepositFacts.cfm efile.com/efile-tax-return-direct-deposit-statistics electronicpayments.org godirect.org/media/release/treasury-extends-direct-deposit-to-millions-of-americans Kiboo Copyright © 2012 Kiboo LLC. All Rights Reserved. www.kiboo.com

The Benefits of Direct Deposit

shared by kiboo on Jul 11
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Not too long ago, everybody got a paycheck from their job. These days, most companies offer “direct deposit” when you work for them. On pay day, the money you’ve earned is automatically deposi...

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