Directing the savings to you.

Direct Deposit is a smart way to pay employees, retirees and shareholders. It can save your company time and money, increase productivity and improve your employees' job satisfaction. And it's safe. Today we can split an employee's pay into more than six accounts!

Direct Deposit saves you money.

• Dramatically reduces check usage. There are much fewer checks to print and store.
• Eliminates lost checks and other issues. In fact, you are much more likely to have a problem when issuing paper checks.
• Reduces financial institution service charge. Typically, it costs more to process a paper check through an organization's account.
• Lowers administration costs due to elimination of manual check preparation. There are reported savings of more than 40 cents in processing costs for each paper check converted to Direct Deposit.
• Creates overall savings. Some companies save up to 60 cents per payment by using Direct Deposit instead of paper checks.

Direct Deposit is safe and confidential:

• Improves confidentiality. A check passes through many more hands than an electronic transfer.
• Resolves any problems quickly. By contrast, problems with checks may take much longer to correct...sometimes up to three weeks.
• Cuts fraud. There is less potential for counterfeit checks, stolen checks or signature plates, altered amounts and forged signatures.
• Reduces security needs. Facsimile signature security isn't necessary since no signatures are required.

Direct Deposit saves you time and is easier to administer:

• Eliminates trips to the bank. By using Direct Deposit, you may save the equivalent of three work days each year by not having to go to the bank to deposit checks.
• Eliminates trips to the office. You don't have to be in town for your money to be securely deposited into your account. You won't have to take extra trips to the office to pick up paychecks.
• Simplifies account reconciliation. Account statements will have a single dollar amount for the total amount of the Direct Deposit transactions, versus individual check amounts to reconcile.

Direct Deposit is fast:

• Gives people access to their payments earlier than a check.
• Eliminates waiting for a check to clear.

Direct Deposit helps you manage your finances:

• Divides money between accounts. Decide how to divide your pay among your accounts, and it's done automatically each payday.
• Gives you more control. Financial planners recommend Direct Deposit as one step toward gaining control of your finances.
• Provides easy reporting. Issue a payment stub, identical to what you receive with a traditional paycheck. It shows how much was deposited into your account and how much was taken out for taxes, insurance and other items.

The Savings Add Up
Consumer Cost Savings per Direct Deposit Cost Sample Calculation*

* These figures are for demonstration purposes only. Replace them with the actual time spent, miles traveled and consideration of the value of time.
** Using 2008 rates
Source: NACHA The Electronic Payments Association www.nacha.org