As an employer, you can pay your employees with a direct deposit as opposed to a paper check. State laws enable you to use either of these methods to pay workers as long as you issue the check or the direct deposit on a regularly scheduled payday. Employees gain access to their money more quickly with direct deposit, but from an employer’s point of view there are pros and cons to both of these methods of payment.
When you issue paper paychecks you have to buy a supply of business checks, and if you have a large number of employees, you may find yourself constantly having to order more checks. Once you have the checks you also have to pay for the cost of printing the checks unless you must set aside time to hand write the checks. If you pay your employees with direct deposit, you eliminate the