Many small businesses still do not use direct deposit, survey reveals.

PositionMARKETING NEWS - Brief article

ONE EASY SERVICE THAT BANKS CAN PROVIDE TO SMALL-BUSINESS OWNERS is to encourage Item to take advantage of direct deposit for payroll.

A recent survey of small-business owners revealed that 66 percent do not use direct deposit for payroll--overlooking an easy way to save thousands of dollars, increase employee satisfaction and reduce environmental impact each year.

The survey additionally reveals:

* Of the 52 percent who use direct deposit for payroll, only 30 percent have 100 percent employee participation--and there are easy ways to increase employee participation.

* Of small businesses with revenue between $ 10 million and $20 million, 18 percent still do not use direct deposit.

* Small...

To continue reading

Request your trial

VLEX uses login cookies to provide you with a better browsing experience. If you click on 'Accept' or continue browsing this site we consider that you accept our cookie policy. ACCEPT