Your employer will provide an earnings statement
on payday showing net deposit and how much was withheld
for taxes, company savings plans, or any other withheld
amounts. Set up an eAlert on
your account and you'll receive a message to
your e-mail in-box or cell
phone within minutes of when the funds are
deposited.
Produce
additional savings - Have your check direct deposited to
your Communicating Arts Checking Account and qualify for Member Select, Member Select 50, or Member Select
Advantage benefits. From
your Communicating Arts account you can
authorize payments for goods and services, use
our Bill Payment program to have checks sent from your
account, set up scheduled transfers to allocate
savings and automatic loan payments.
Here are some additional
considerations:
* Stolen or misplaced
checks. The Treasury Department reports that more than a
million mailed Social Security and government pension
checks are lost, stolen, or late every year. And, more
than four million paychecks are lost or stolen each
year.
* Delayed
deposits. Your funds are deposited regularly, and on
time. You get paid even if you're not at work on payday,
or can’t make the deposit during business hours.
* Losing
potential dividends. With direct deposit you earn
dividends on funds as soon as possible. If you have to
deposit funds in person, any delay postpones when your
money is available and starts making money.
* Lost time.
One estimate says direct deposit can save up to 24 hours
a year otherwise spent cashing or depositing your
paychecks.
* Safety.
Money deposited in your account is not going to slip out
of your pocket unintentionally.
* Check
cashing costs. How much are you paying to cash your
paycheck? Multiply that by the 26 times/year you get
paid to figure real savings with direct deposit. Add to
that how much are you paying to buy money orders to pay
bills.