The decision to offer direct deposit or expand an existing program begets another question: what to do about employees who don't have accounts. Unfortunately, many can't just walk into a bank and open an account. Bad choices and bad luck put many beyond the reach of what's considered a "regular" bank account, one that offers checks, FDIC insurance, the ability to pay bills electronically and to accept deposits.
Directo paycards are the solution. If you offer direct deposit, your employees are pre-approved. You offer the paycards, and open the accounts at your place of work. These three things remove the first obstacle: fear of rejection. Directo accounts are checking accounts which are managed by a debit card instead of checks. Funds are held in an FDIC-insured bank, and the accounts have all the protection and most of the functions of a "regular" bank account. The accounts can be funded only through ACH direct deposit, and no checks are issued with the account.
For workers, it means joining the banking mainstream. For employers, the payroll ease and savings of direct deposit are finally in reach - for everyone.
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