Direct Deposit is safe and confidential:

• Payments made by Direct Deposit have never been lost. In fact, you are much more likely to have a problem with a check.
• Direct Deposit is more confidential. A check passes through many more hands than an electronic transfer.
• Problems with Direct Deposit, which are rare, are quickly resolved. By contrast, problems with checks may take much longer to correct...sometimes up to three weeks.

• 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.
• 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.

• Direct Deposit gives many people access to their payments earlier than a check.
• There is no waiting for a check to clear.

• You decide how to divide your pay among your accounts, and it's done automatically each payday.
• Direct Deposit gives you control. Financial planners recommend Direct Deposit as one step toward gaining control of your finances.
• Most employers will issue a payment stub that is identical to what you receive with a traditional paycheck. It will show how much was deposited into your account and how much was taken out for taxes, insurance, and other items.

Source: Direct Deposit and Direct Payment, www.directdeposit.org and www.directpayment.org.
 
 Consumer cost savings per Direct Deposit
Cost Sample calculation*

Cost	Sample Calculation*
Time spent traveling to and from financial institution to make deposit	20 minutes @ $15 per hour = $5.00
Round-trip travel expense (using current IRS allowance of 50.5 cents per mile**)	6 miles @ $0.505 = $3.03
Time spent waiting in line	5 minutes @ $15 per hour = $1.25
Total costs:	$9.28

* 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