According to Go Direct, a national campaign sponsored by the U.S. Department of the Treasury and Federal Reserve Banks to motivate more Americans to choose direct deposit for federal benefit payments, direct deposit has many advantages.
Direct deposit is faster, easier, and more convenient than checks. It also totally eliminates the risk of lost or stolen checks because money goes directly into a recipient’s account. In addition, direct deposit gives recipients faster access to, and more control over, their money.Money …