Comments on: Are You Using Direct Deposit?

By: Zia

Zia — Sun, 14 Jun 2009 01:19:00 +0000

For Dan: The only authorization that an employer has to pull out money is if the amount deposited is wrong. It even states that on all direct deposit paper forms. It’s common knowledge that just as you would have to pay the Company that extra money back, they would just submit a request to retract the extra funds (minus taxes that are taken out of your check).

By: Zia

Zia — Sun, 14 Jun 2009 01:09:03 +0000

Please…are you kidding me? I love Direct Deposit. The convenience, the speed, no paper check hassles??..What’s not to love?

It’s only the crowning jewel of the payroll process. I helped get it started with my employer and I was one of the first 3 employees to sign up for it.

My wife works for a Company that offers it and the first thing I did (because I print her schedule for her), was enable Direct Deposit of her check to our account.

By: When Will Social Security Recipients Receive $250 Payment?

When Will Social Security Recipients Receive $250 Payment? — Wed, 18 Feb 2009 18:33:58 +0000

[...] via direct deposit, then you will have $250 direct-deposited into your bank, another reason why you should use direct deposit If you found information on this Diary helpful, please consider subscribing to the full RSS [...]

By: Dan

Dan — Thu, 21 Feb 2008 04:18:04 +0000

Well, I had a recent credit report pulled from Experian. It listed under my employer section a company that I haven’t worked for in years. It turns out that that company is the only one that I have ever done a Direct Deposit with for my salary. Did you also know that employers are outsourcing Direct Deposit services to be performed by other companies? Direct deposit doesn’t just mean that money goes in, you’re also giving someone the authority to take money out “if necessary.”

By: The Writer’s Coin » Blog Archive » The Importance of Direct Deposit

Fri, 15 Feb 2008 12:42:56 +0000

[...] has a nice post discussing the importance of direct deposit. Direct deposit isn’t a must when it comes to [...]

By: Jason Unger

Jason Unger — Wed, 13 Feb 2008 19:55:28 +0000

When my wife changed jobs last year, we were without direct deposit for a couple of months (while it was all getting set up).

It was a big pain to not have it, especially since we rarely go to the ATM. Checks didn’t get deposited on time, we had to go out of our way … it was annoying.

By: Mickey Blue Eyes

Mickey Blue Eyes — Wed, 13 Feb 2008 16:20:31 +0000

This is OT, but I nearly had a heart attack at seeing one of the related articles titled “Say Goodbye to EmigrantDirect”. Fortunately, it was not about EmigrantDirect going under, ala NetBank.

By: Meg

Meg — Tue, 12 Feb 2008 23:35:08 +0000

I love online banking too, but it does concern me that everything is so computerized. All a terrorist has to do is hack into the banks and scramble everyone’s accounts (or just make all balances = “$0″). Or hack into our utility companies and cut off all energy supplies. Or hack into the Pentagon’s security/defense system. Everything’s online!!! I know, I sound like a conspiracy theorist, but still…

By: Link roundup: Interview edition at Mighty Bargain Hunter

Link roundup: Interview edition at Mighty Bargain Hunter — Mon, 11 Feb 2008 10:45:25 +0000

[...] The Sun’s Financial Diary asks if you’re using direct deposit. [...]

By: Rev

Rev — Sun, 10 Feb 2008 19:03:56 +0000

Same here I use DD and cannot live without online banking.

By: SF

SF — Sun, 10 Feb 2008 01:47:28 +0000

You are absolutely correct. I use online banking for everything. Infact i have stopped all mails from all my credit cards and banks.
Yet my firm does not do direct deposit. It has more to do with the mindset. My firm’s management group consists of older people (50+) who still prefer the traditional method of payment (It is a hassle to actually go to the bank and deposit checks every 2 weeks).
Guess i need a new job. Infact if you know someone looking for an electrical/computer engineer let me know.