Direct deposit is an optional way to receive your payment directly in your bank account rather than having a paper check. Any type of payment can be direct deposited, from your paycheck to a Social Security payment to your tax refund. The transaction type is known as an ACH or automated clearing house transaction, and most employers offer it as a payment option, even in small businesses. Aside from being free for employees (or payees), direct deposit has additional benefits that you should consider. Continue reading “The Many Benefits of Direct Deposit”
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