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.

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. 

Direct Deposit is fast and reliable, and it’s the way 93% American workers get paid. In addition to payroll, Direct Deposit can be used to receive reimbursements, bonuses and more. 

 

On Payday, Employee Should Know That Direct Deposit is Faster Than Paychecks.