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Direct deposit - It is not free to use

Posted: Aug 5th, 2023 - 5:35 am In Reply to: Pay for direct deposit? - MT1347

Direct deposit is not free to employers. It’s cheaper than check processing, but there are setup fees, and some banks charge a per transaction fee. If the company is offshore, maybe it costs them more to do DD. I don’t think the employees should have to pay this, though. Pay Pal and the other services charge fees, so it does make sense.


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