1. Get your money quickly and safely with Direct Deposit - Today’s MoneyMondays tip!

    Enroll in direct deposit instead of cashing paper checks. You’ll get every cent of your pay with no check cashing fees!

    Getting a paper check can sometimes feel great. You can see your money in your hand! But paper checks also require more time and effort to get cashed, they can be lost in the mail or stolen, and the check cashing fees can add up each month. By enrolling in direct deposit, your money is deposited into your account and you have immediate access to it. No waiting for the mail to arrive, no waiting in line to cash your check. Many financial institutions offer low-cost or free checking accounts as long as you meet a few simple criteria, one of which usually having a check direct deposited at least once a month.

    Other options for safe, quick electronic transfer of money include:

    • Electronic Transfer Accounts, a low-cost account (no more than $3.00 a month) for recipients of Social Security, SSI, Veterans Benefits and other Federal payments. Learn more at https://www.eta-find.gov/.
    • Debit cards like The Get It card or the Walmart MoneyCard that allow you to directly deposit your payroll checks.

Notes

  1. realeconomicimpact posted this