Survey Says: Direct Deposit is the Overwhelming Choice


Michael W. Kahn

Michael W. Kahn


Americans are overwhelmingly choosing Direct Deposit for their pay, a new American Payroll Association (APA) survey finds. 

When asked how they receive their pay, 94% of respondents said Direct Deposit, according to APA’s 2020 “Getting Paid in America” survey. 

“An overwhelming majority of Americans use Direct Deposit because it’s the most convenient way to receive their pay, and also expense reimbursement and many other payments,” said Jane Larimer, Nacha President and CEO. “Direct Deposit is easy to set up with your employer, and it ensures your pay is in your bank or credit union account on payday.”

Fewer than 4% of respondents said they still receive a paper paycheck, noted Dan Maddux, APA Executive Director, who said being paid electronically is “extremely safe” and easy.

“Instead of worrying about picking up and then depositing or cashing a physical paycheck, people can instead focus on the things that matter, like ensuring the health and well-being of family and friends.”

Many employers have a portal where staff can set up Direct Deposit and Split Deposit—to earmark some money for savings. Nearly 85% of survey respondents said their company has such a self-serve option. 

This year’s survey also asked if the coronavirus led people to switch to electronic salary payment as a more efficient way of getting paid during the pandemic. Nearly 5% said yes.

APA’s “Getting Paid in America” survey is conducted annually for National Payroll Week, and complete survey results are available on their website.