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Forum
-> Working Women
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amother
OP
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 Tue, Apr 02 2024, 6:02 pm
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Does it cost money for an employer to use direct deposit? The company I work for is struggling financially and they also recently stopped direct deposit. I'm curious if it's a way to cut costs
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Hashem_Yaazor
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Tue, Apr 02 2024, 6:19 pm
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Very possibly. My first job didn't offer me direct deposit because it cost them too much.
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amother
Blush
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Tue, Apr 02 2024, 6:25 pm
It could mean a few things
1- they no longer want to use a third party because they want to avoid the extra cost
2- they’re trying to avoid payroll taxes for the time being
3- they don’t have money in the account when it’s supposed to pull for payroll so they wait
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