Some ppl don't trust this stuff. I knew a dude who would walk to the bank every payday by himself cause he was the only one that didn't want it. I would tease him and say he has the hots for the teller....but i seriously think that he doesn't trust this kind of technological stuff. He pays cable/telephone bills in person as well....
That is exactly what I was teasing him about, that there must be some hot teller at the bank. He also uses the excuse that he has to go shopping right next door anyhow and that the atm takes just as long.
But you should have heard him panic when the checks where late on Friday due to the 4th of July holiday.
The benefits far outweight the negatives.
For example, the one thing that NEVER stops is that a business has to pay its employees. Hurricane Katrina is a prime example. For those employees' that did NOT have direct deposit, they did not get paid on time. For those employees that did have direct deposit, their funds were in their bank, on time. All that is needed to access them is their debit card.
Also, if an employee is off on payday, by participating in direct deposit, there is no need for that employee to come into work on their day off.
Usually with payroll companies, you can deposit your funds into three different accounts, even at three different banking institutions. It's a great way to hide money!
WC
