how much does it cost to deposit a check
Direct Deposit saves the government, companies, the country and individuals an enormous amount of money. For consumers, total direct and indirect costs of depositing a check instead of using Direct Deposit is $5.88, according to the study Tinucci & Associates.Small companies with 2,500 employees can save $1,200 a month by using Direct Deposit instead of paper checks.ome employers do not offer it and some employees who may not understand the societal benefits of Direct Deposit prefer paper checks. Usage will increase when people understand how much Direct Deposit can eliminate fraud and abuse and save the government, companies and consumers millions of dollars a year.
Fees & Balance Requirements. The monthly fee for this account is above the market average by about $2.00. Check out some free checking accounts. Most checking accounts require an initial deposit of $50.00, so you will have to deposit relatively more upon account opening.