Comments on: Save With Direct Deposit - Daily Tip http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/ Bridging the gap between saving money and investing Sat, 05 Jul 2008 04:37:27 +0000 http://wordpress.org/?v=2.3.2 By: pfadvice http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-4267 pfadvice Fri, 30 Jun 2006 16:51:57 +0000 http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-4267 <b>I’m confused. Why would it cost me anything at all to deposit my own check. How do you figure a savings of $70.00 a year??????</b> It doesn't cost you anything to deposit the check itself into the bank, but there are other costs involved. If you make a special trip to the bank to deposit the check, you have costs in extra gas and wear and tear on your car, you are more likely to take out spending money if you deposit the check yourself rather than having it directly deposited, etc. For many, you receive special bank discounts or rewards for direct depositing that you don;t if you do it yourself (free checking without a minimum, etc) $70 was an estimate from a study and of course the amount you save would depend on your circumstances I’m confused. Why would it cost me anything at all to deposit my own check. How do you figure a savings of $70.00 a year??????

It doesn’t cost you anything to deposit the check itself into the bank, but there are other costs involved. If you make a special trip to the bank to deposit the check, you have costs in extra gas and wear and tear on your car, you are more likely to take out spending money if you deposit the check yourself rather than having it directly deposited, etc. For many, you receive special bank discounts or rewards for direct depositing that you don;t if you do it yourself (free checking without a minimum, etc) $70 was an estimate from a study and of course the amount you save would depend on your circumstances

]]> By: Pattie http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-4257 Pattie Fri, 30 Jun 2006 10:28:26 +0000 http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-4257 I'm confused. Why would it cost me anything at all to deposit my own check. How do you figure a savings of $70.00 a year?????? I’m confused. Why would it cost me anything at all to deposit my own check. How do you figure a savings of $70.00 a year??????

]]> By: Champion Cheapskate http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1250 Champion Cheapskate Wed, 05 Apr 2006 20:28:34 +0000 http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1250 Noticed that a lot of local banks seem to bundle enticing offers not just those to open an account but to add direct deposit and one or two other services too. Read all offers carefully first. Noticed that a lot of local banks seem to bundle enticing offers not just those to open an account but to add direct deposit and one or two other services too. Read all offers carefully first.

]]> By: Aldeya http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1182 Aldeya Wed, 29 Mar 2006 16:57:21 +0000 http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1182 Just want to mention. Check with your bank if they offer a bonus for signing up for direct deposit. I had $50 bonus added to my bank account just for signing-up. You do have to ask for it (at least in my bank). Just want to mention.

Check with your bank if they offer a bonus for signing up for direct deposit. I had $50 bonus added to my bank account just for signing-up.

You do have to ask for it (at least in my bank).

]]> By: Gloria http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1179 Gloria Tue, 28 Mar 2006 19:54:15 +0000 http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1179 I convince my part time job to do this and I love it!!!!!!! It helps me out. It helps them out. It saves so much time. It is great. I convince my part time job to do this and I love it!!!!!!! It helps me out. It helps them out. It saves so much time. It is great.

]]> By: Aahz http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1166 Aahz Tue, 28 Mar 2006 05:44:15 +0000 http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1166 Thanx. I had managed to find that study, but assumed it was a different one as the numbers don't jibe. Thanx. I had managed to find that study, but assumed it was a different one as the numbers don’t jibe.

]]> By: pfadvice http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1165 pfadvice Tue, 28 Mar 2006 04:29:33 +0000 http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1165 <a href="http://72.14.203.104/search?q=cache:CnEVS4CXpcwJ:www.nacha.org/OtherResources/Direct_Deposit_and_Direct_Payment_General_Information_-_2nd_Edition.pdf+Tinucci+%26+Associates&hl=en&ct=clnk&cd=6" rel="nofollow">Here's a link</a> - they are actually giving an estimated form now (2003) to calculate your actual costs. If I remember correctly, my numbers were from their 2001 survey when they used an actual estimate. Here’s a link - they are actually giving an estimated form now (2003) to calculate your actual costs. If I remember correctly, my numbers were from their 2001 survey when they used an actual estimate.

]]> By: Aahz http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1164 Aahz Tue, 28 Mar 2006 02:44:40 +0000 http://www.pfadvice.com/2006/03/27/save-with-direct-deposit-daily-tip/#comment-1164 I can't seem to find a link of any sort to the actual findings. Any chance you've got one? I find this very intriguing, but would really like to see where they came up with those numbers. I can’t seem to find a link of any sort to the actual findings. Any chance you’ve got one?

I find this very intriguing, but would really like to see where they came up with those numbers.

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