A study commissioned by Nacha found the sizable majority of the nation’s younger millennials are paid by Direct Deposit but revealed a stark contrast between W2 employees and gig workers. Based on the research, Nacha has launched a campaign to educate younger millennial gig workers on the value of Direct Deposit. The campaign page can be found at DirectDeposit.org/GigWorkers.

The ability to quickly receive pandemic-related benefits led some of the nation’s previously “unbanked” households to open bank accounts, which contributed to a continuing decline in the number of unbanked Americans, a new FDIC report found. 

Steady growth continued for the ACH Network in the third quarter of 2022, with 7.6 billion payments processed valued at $19.2 trillion. Those are increases of 4.2% and 6%, respectively, from a year earlier.

Direct Deposit continues to be the overwhelming choice for Americans to receive their wages. In its 2022 “Getting Paid in America” survey, the American Payroll Association (APA) found that more than 93% of those questioned use Direct Deposit.

Resources for religious organizations to assist in collecting gifts using electronic bank transfers

Resources for religious organizations to assist in collecting gifts using electronic bank transfers

Direct Deposit is a great way to save time and get your Labor Day festivities started sooner.

May is Direct Deposit Month and there are many good reasons to celebrate.

No voided check? No problem. How to get employees on Direct Deposit without the paper.

America Saves Week 2022 is coming. Here's how you can participate by urging employees and customers to use Split Deposit to save automatically.

It's Simplify Your Life Week, and Nacha has some excellent ideas to help you make things easier by using electronic payments.

Nacha is among the more than 50 organizations supporting Wisconsin Saves, which aims to get people to save automatically using Split Deposit.

So far in the 2021 tax filing season 90% of federal refunds have been paid by Direct Deposit, according to the IRS.

Saving money every payday is crucially important toward achieving financial independence. The Split Deposit feature of Direct Deposit can help.

ACH payments provide clear benefits compared to check payments. If your company currently does not send ACH payments to vendors/suppliers, you can contact your bank for recommendations on how to get started with sending ACH payments. 

Passage of the American Rescue Plan Act of 2021 into law provides relief for tens of millions of Americans. The ACH Network is ready to deliver these relief payments via Direct Deposit, with funds available to people on the day instructed by the IRS.

Within four days of the Maryland RELIEF Act of 2021 becoming law, the state processed 98% of the payments—nearly two-thirds of which were made by Direct Deposit.

How did they do it? In a word, preparation. 

All those who don’t like getting their money faster can stop reading here. 

For the rest of us, if you’re expecting (or at least hoping for) a tax refund this year, make sure to give the IRS your Direct Deposit information. 

To help consumers better understand how Direct Deposit is used every day, Nacha recently launched directdeposit.org. 

Every hour of every day, in corners of the world near and far, the men and women of the United States armed forces are hard at work keeping us safe. That’s why it’s important to pause every Nov. 11—Veterans Day—to remember the sacrifices so many have made for the rest of us.