Paper paychecks are quickly becoming a thing of the past. More than 90% of American workers now receive their pay via direct deposit—and for good reason. If you're still printing paper checks, here's why you should consider making the switch.
Benefits for Your Employees
Convenience
No more waiting in line at the bank or worrying about a check getting lost in the mail. Employees wake up on payday to find their money already in their account, ready to use.
Security
A paper check can be lost, stolen, or damaged. Direct deposit eliminates these risks. If an employee's bank account information changes, updating direct deposit is simple.
Faster Access to Funds
Paper checks often come with holds or take time to clear. Direct deposit means employees have immediate access to their full paycheck—no waiting, no fees.
Split Deposits
Many employees appreciate being able to split their deposit between multiple accounts (checking, savings, or even accounts at different banks). This flexibility helps employees manage their finances better.
Benefits for Your Business
Cost Savings
Consider the costs of paper payroll:
- Check stock and printer ink
- Check signing machines and secure check stock
- Payroll clerk time for check preparation and distribution
- Stop payment fees when checks are lost
- Bank fees for payroll deposits
Time Savings
No more stuffing envelopes, reconciling checks, or making bank runs. Direct deposit streamlines your entire payroll process, freeing up time for more important tasks.
Improved Accuracy
With direct deposit, bank routing and account numbers are entered once and stored securely. This reduces errors that can occur with manual check writing.
Employee Satisfaction
Offering direct deposit is a simple perk that employees appreciate. It demonstrates that you care about their convenience and financial well-being.
Making the Transition
Transitioning to direct deposit is easier than you might think:
- Provide direct deposit authorization forms to all employees
- Collect bank routing and account numbers
- Set up payroll through your payroll service or bank
- Process a small test transaction before your first full run
- Communicate the change to your team
Direct Deposit Included Free
At Glendale Payroll, direct deposit is included with all our payroll services at no extra charge. We handle everything for you—from setup to ongoing processing.
Get Started with Direct Deposit