Pros and Cons of Paper Check Versus Those of Direct Deposit


In the years past, the paper payroll check was the default means of paying employees.  In the late 1970s, nonetheless, the direct deposit was invented.  Nowadays, most of the employees are paid via direct deposit.  When you read more here, you’ll learn and discover more about the good and bad sides of each so you can establish what works for you. You should click here on this site now and read more now  This is not to mean that the direct deposit method is proper for each business.  You may have employees who prefer checks.  To know which suits the most, ensure you go to websites such as WITS Zen then click here on the ‘click here for more’ or the 'view here' button  so you can read more now! 

Among the reasons that make paper payroll checks to be preferred by a variety of companies is that they offer employee privacy.  Some employees are not willing to share their banking info and won’t want to share it with you.  By ensuring bank info is private, workers have a say as far as who to access this info is concerned. A staff can as well determine where and when to cash it.  In addition, paper payroll checks also allow staff to cash their checks using a service as opposed to using a bank.  As a boss, you are in a position of using a check stub generator other than having to rely on payroll software or homemade forms.  Also, there is the plus of saving money.  The ability to cash the paper means staff won’t need to pay to open bank accounts. Learn more about this product here. 

Concerning shortcomings, employees can misplace or damage a paper payroll check hence needing you to cut another piece. Also, paper payroll checks contain sensitive business info such as business name, address, bank routing number, and account number, posing risk to fraud. 

As far as direct payments are concerned, there is the plus of them not being exposed to damage, loss, or theft. Next, employees don’t have to go to the office or bank to get their payment, hence saving them time.  As an employee, you can receive your payment during holidays and at weekends.  If need be, staff can split his/her payment into diverse bank accounts.  When we talk of disadvantages, direct payments require that workers ought to possess bank accounts, something that comes with an additional cost.  The other con of direct payments is, staff will use out of pocket money to cater to bank fees.  Finally, employers will require private banking info of employees in order to make payments. 

In order to know what works for you, weigh the cons and advantages of the two. 
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