How does setting up direct deposit for my job benefit me? Are there any negative sides I should know about?

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Posted by Aiury Cavallo (MONEY FORUMS: 5, Answers: 0)
Asked on November 2, 2015 3:47 am
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Aiury, there really is no downside to direct deposit. Direct deposit usually makes you eligible for a free checking account. What's more, you have access to your pay ON PAYDAY! If you deposit a physical check at the bank, apart from he risk of losing it between work and the bank (or waiting for it to be mailed), you may have to wait a few days to access the funds.
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Posted by Beth Tallman (MONEY FORUMS: 1, Answers: 61)
Answered: November 2, 2015 10:11 am
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