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re: Regions Bank and Deposit Holds
Posted on 7/27/20 at 1:58 pm to LSUFanHouston
Posted on 7/27/20 at 1:58 pm to LSUFanHouston
most banks charge the employer a fee for direct deposit.
it’s not backbreaking but is a fee
it’s why I still write paper checks
it’s not backbreaking but is a fee
it’s why I still write paper checks
Posted on 7/27/20 at 2:42 pm to cgrand
Because paper checks are a huge pain in the arse, some payroll providers will actually cover direct deposit fees for you. Also, paper checks can sometimes be more expensive once you factor in costs like time spent running checks, purchase of check stock, and MICR ink (which is a lot pricier than normal ink.) Might be worth running an analysis on regardless.
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