Friday, January 28, 2011

Michigan Direct Deposit Mandate Law Passes

Michigan labor law now allows for mandate of direct deposit, which will allow business owners to save big on payroll production and distribution, as well as eliminate the risk of check fraud.

Read an attorney's overview of the law here:

Now more than ever, Directo paycards make sense in Michigan. Unbanked workers will benefit, and so will the growing number of Americans disenchanted with their banks. Learn more at
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Friday, January 21, 2011

No Free checking + Job cuts = Poor Service and Higher Fees. Time for a Directo account!

Job cuts at banks means even less service to go along with the increase fees we've already seen. Directo is the low-cost choice that allows you (and if you're a business manager or owner, your employees) to bank when and where you want to bank, and with FREE bilingual customer service.

From today's newsletter:

What do Wells Fargo, American Express, PNC, Fifth Third and Synovus have in common? They've all announced job cuts this week. The Wall Street Journal said analysts expect banks to reduce operating costs by as much as 20% over the next few years "as they struggle to put their bad loans behind them, adjust to a raft of costly regulations and increase revenue in challenging economic conditions."

Need to know more about Directo? Visit us at

Thursday, January 6, 2011

Bank of America dumps free accounts , too.

Just as we predicted, the banks have started eliminating free checking. Bank of America's lowest-cost account will now be almost $9 a month for the basic service. Georgia is one of the test markets for the accounts. Read the whole article here: Bank of America revamping accounts, fees |

Directo paycards continue to be the high-value, low cost alternative, and not just for the unbanked. Simple to implement and easy for cardholders to use, Directo paycard programs cost the employer nothing, yet offer the best of banking to our customers. Learn more at