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Direct deposit question
Why wouldn't a huge company offer direct deposit?
I started a new job a few weeks ago and they are the first company I've ever worked for that doesn't do this.
They also pay us weekly.........I am wondering if that might have something to do with it?
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Posted 2/1/08 8:04 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
sunflowerjesss
Mommy to 3!
Member since 10/05 20369 total posts
Name:
Jesss, duh.
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Re: Direct deposit question
I get paid weekly and have direct deposit.
I know it took my company a while to jump on the direct deposit system because you have to have payroll submitted by Wednesday to have enough time to notify the bank of the transfer.
But that was my company's issue like 5 years ago. Somehow they managed to over come it and we now have direct deposit as an option.
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| Posted 2/1/08 8:08 AM |
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Kissy331
My two miracles!
Member since 5/06 17826 total posts
Name:
Kristen
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Re: Direct deposit question
Posted by sunflowerjesss
I get paid weekly and have direct deposit.
I know it took my company a while to jump on the direct deposit system because you have to have payroll submitted by Wednesday to have enough time to notify the bank of the transfer.
But that was my company's issue like 5 years ago. Somehow they managed to over come it and we now have direct deposit as an option.
Similar circumstances at my job. We just got direct deposit about 7 months ago when we changed over the accounting system. Not all accounting systems actually allow for Direct Deposit. I get paid weekly also & the payroll MUST be in on Wednesday or else we don't get paid on Thursday...
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| Posted 2/1/08 8:09 AM |
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GoldenRod
10 years on LIF!
Member since 11/06 26792 total posts
Name:
Shawn
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Re: Direct deposit question
Our company almost forces Direct Deposit. They push it constantly, and really don't want to have paper checks going out.
We get paid weekly.
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| Posted 2/1/08 8:12 AM |
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JodiBabe
Married for 9 yrs!!!!!!
Member since 5/05 6672 total posts
Name:
Jodi
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Re: Direct deposit question
I get paid bi-weekly & have direct deposit but my DH works for a huge company (ConEd) & gets paid weekly & also has direct deposit. With his though his payday is technically Thursday but the $$$ doesn't hit our bank acct until Monday unless it is a holiday then it is there on the Friday before.
Message edited 2/1/2008 8:36:45 AM.
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| Posted 2/1/08 8:34 AM |
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VickiC
Rocking the party
Member since 5/05 4937 total posts
Name:
Vicki
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Re: Direct deposit question
We just started direct deposit and we get paid twice a month.
For some companies it can be a cash flow problem (you know if clients don't pay their bills on time). Depending on the size of the company - that's a lot of money all at once.
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| Posted 2/1/08 8:38 AM |
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Chrisnamy
Summer is coming soon
Member since 1/07 3991 total posts
Name:
Amy
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Re: Direct deposit question
I also get paid weekly and get Direct deposit!
Maybe you can suggest this helpful feature to your HR department.
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| Posted 2/1/08 8:39 AM |
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JenMarie
One day at a time
Member since 11/07 7397 total posts
Name:
Jennifer
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Re: Direct deposit question
I used to work for a large company and they stopped Direct Deposit before I got there because of cash flow problems. But even with paper checks they were bouncing a lot of checks.
Thank goodness my new company has it. They actually make you use it.
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| Posted 2/1/08 11:26 AM |
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EckoRed81504
We are complete <3
Member since 12/07 6299 total posts
Name:
April
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Re: Direct deposit question
At my job it is just my boss and I. He refuses to do Direct deposit bc it is an "extra step" for him lol
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| Posted 2/1/08 12:04 PM |
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