Direct Deposit and Direct Payment via ACH Month

Direct Deposit and Direct Payment via ACH Month is celebrated annually in May. During this month, we encourage financial institutions, businesses, organizations and government agencies to educate workers on the benefits of Direct Deposit and Direct Payment. This year, we are focusing our efforts on promoting the value of Direct Deposit and Split Deposit, and how these tools can help increase personal savings and build wealth.

What is Direct Deposit?

Direct Deposit via ACH puts consumers in control of their finances. It allows them to access their money quickly, pay no additional fees to receive their pay, and use digital tools to manage payroll information and keep financial records. Split Deposit lets workers direct a fixed amount or percentage of their pay into a savings or investment account each pay period, helping them to save “invisibly.” Workers can control how much or little you save.

What is Direct Payment?

Direct Payment via ACH is the electronic transfer of funds for making payments, whether a consumer send or receive a payment. Direct Payment lets consumers pay their bills or tuition, donate to their favorite charity or nonprofit, make a purchase, or send money to a friend or family member electronically from their checking or savings account. It is convenient, versatile, environmentally friendly, and can save them the time and hassle of writing out paper checks.

How Can You Support Direct Deposit and Direct Payment via ACH Month 2017?

Help us promote the benefits of Direct Deposit and Split Deposit. We invite you to help us spread the word about these helpful financial tools, and to share the toolkit below through any of your channels to benefit your members, customers and staff.

Logos, Web Ads, and Print Ads

Use these logos for Direct Deposit and Direct Payment via ACH Month and Direct Deposit via ACH on your website, in emails and printed material. Use these web ads on your website, in emails and electronic newsletters. Add your logo and use the print ad in a program book or magazine your organization publishes.


Social Media Posts

Use these sample social media posts and these graphics (Facebook, Twitter and LinkedIn dimension-compliant) to help spread the word.


Blog Posts, Articles, Op-Eds

Use the sample written pieces below as blog posts, articles or op-eds to spread the word about how Direct Deposit can help small businesses save on payroll or how Split Deposit can benefit workers.

Fact Sheets and Infographics

Download the Split Deposit fact sheet. Learn more about Direct Deposit via ACH with the following infographics.  

Split to Save

Split to Save” is an initiative designed to educate workers on the benefits of Direct Deposit and Split Deposit, and how these tools can help increase personal savings and build wealth. Coordinated by NACHA -The Electronic Payments AssociationAmerica Saves, and ePayResources, the initiative provides educational resources for organizations to support a coordinated outreach effort. Find out how to get started here and download the toolkit here

State Proclamation Toolkit

NACHA’s Government Relations team has developed a Direct Deposit and Direct Payment via ACH Month State Proclamation toolkit. The toolkit contains all of the information you need to secure a Direct Deposit and Direct Payment Month proclamation in your state. Download the Toolkit and additional resources below and contact your state and local officials urging support of Direct Deposit and Direct Payment via ACH Month.

You can customize the documents below to begin the process for 2017, or to get a head start on Direct Deposit and Direct Payment via ACH Month 2018!

White Paper: Opportunities to Expand the Use of Direct Deposit via ACH for Payroll 

The "Beyond Simple and Safe: Opportunities to Expand the Use of Direct Deposit via ACH for Payroll" paper details the findings from a survey conducted by Javelin, on behalf of NACHA and the Consumer Federation of America, on the actions and attitudes of consumers toward Direct Deposit via ACH. The report also identifies recommendations for key stakeholder groups — including financial institutions, employers, and consumer-facing organizations - to help grow the adoption of Direct Deposit.  

Some key findings:

  • Top six reasons employees use Direct Deposit
  • Why consumers trust Direct Deposit
  • Business benefits for low-adoption hospitality, retail, and small business industries
  • Ways to emphasize awareness and adoption benefits for target gap populations (Millennials, lower-income nonusers, part-time employees)

    Download the white paper.

Recent Direct Deposit News

Check here for recent mentions about the benefits of Direct Deposit and Split Deposit in news articles and blogs.

Women on Money and Mindset: Why parents, kids should talk about money

Money, finances, and budgeting aren’t topics that kids should have to try and figure out on their own.  The sooner they are learning and living it, the more they will be able to gain from any classes they take on finance down the road.  Personal finance doesn’t seem to be a class anymore in schools, so it is up to us as parents and advisers to make sure we send well-educated and informed consumers out into the world.

Helping your kids get a checking account with a debit card at a young age, so you can still be part of the process, helps them begin establishing their credit.  For their first job, helping them with direct deposit, part into checking, part into savings, is a good start.  Talking to them about starting an IRA with earnings from their first job is also a good topic.  It may not be practical, but it should be a conversation, with pros and cons. Read More

Source: The Press-Enterprise, August 2017

3 Money Tools to Save You From Yourself

Dipping into your savings is like fast food: It's convenient and tempting, and it might leave you a little queasy the next morning.

Doing so can also eat into your financial goals, whether that's a big trip abroad or a simple emergency fund. You can, however, avoid scratching that spending itch with these tools, which can help keep your savings intact.

Checking and savings accounts at separate banks
Despite mobile banking's redeeming qualities, it is the ultimate bad-decision enabler. Checking account running low before a big night out? A few swipes are all it takes to dip into that vacation fund.

Having a separate savings account at a different bank should make savings-to-checking transfers slightly more tedious, as they can be slower and might incur fees. That's a good thing in the long run, because it might dissuade you from making those types of transfers. To further bolster your savings, have a portion of your direct deposit go into that account so that cash is stashed away automatically and regularly. Read More

Source: NerdWallet, July 2017

Teaching kids to save some money from their summer jobs

The kids have started their summer jobs and they're getting a pay check. That makes this the perfect time to teach them about saving money.

Encourage them to set up direct deposit for their paycheck and explain how they can split that deposit. Have some portion of that deposit go into a checking account and the rest into a separate savings account.

Talk to your kids about a reason to save – maybe a new bike or their college education. Then help them figure out how much they can save each month. Read More

Source:, June 2017

Personal finance expert: Do these 6 things to save an extra $700 per month

Compare two people trying to get an edge in life after starting with debt.

John focuses on small wins: removing little costs wherever possible. He sets up a budget. He cuts back on his daily lattes. He doesn't buy new clothes. He doesn't go out much.

Chris focuses on big wins: a few things he can do once that will pay him back forever. He negotiates multiple salary increases, including a $20,000 raise. He negotiates his rent from $2,000 per month down to $1,500 per month.

What's the difference between the two?

Chris is, in fact, a real person. A national reporter wrote about him in a six-page Fortune profile. Today, he earns $120,000 and has tens of thousands in savings. He leveraged the philosophy of big wins to do a few easy things that got him a life-changing impact. As a result, he can now do the things in life that make him feel rich.

John isn't a real person, but he represents the conventional wisdom of finance experts: frugality. No lattes! No new clothes! No appetizers! Constantly say no to all the little expenses. This approach fails because it requires you to build a difficult habit that you keep for life. We deplete our willpower every time we say no to the little things in life that make us feel rich. This is the reason why many people who try this approach eventually give up.

My team and I have spent the last 12 years searching for these big wins, testing which ones actually work, and teaching them to tens of thousands of students in my courses and to millions of readers on my blog.

The best personal finance big win that we've ever come across is automating your finances. By automatically managing your money month after month with a system, you work with your psychology instead of against it. As a result, you save money for your retirement and for guilt-free spending.

With this big win, if you take the average American household income of $72,641, you'd save $726 a month for the rest of your life.

Here are the exact steps you need to take so your money automatically flows to where it needs to go:

Automatically direct deposit your paycheck into your checking account

While you're chatting with HR about your 401(k) also tell them that you want to set up a direct deposit for your paycheck. Setting it up typically involves filling out a short form and attaching a voided blank check.

Why direct deposit? One, you really don't want to have to go to your bank every month to deposit your paychecks. It's just a pain. Two, when you set up direct deposit, you are actually going to get a bunch of benefits from your bank, such as free checking. Read More.

Source:, May 2017

10 Easy Steps to Simplify Your Finances and Enrich Your Life 

Modern lifestyles pull us in all directions. It’s no wonder we are overwhelmed and stressed out by our busy schedules and cluttered homes. UCLA researchers even wrote a book on the subject — “Life at Home in the Twenty-First Century: 32 Families Open Their Doors” — and found that many families had garages too full to accommodate cars, backyards that are never used, and moms with elevated stress hormones. If you’re ready to step off the hamster wheel, here are some basic strategies to simplify your life.

Automate your life

If you’re not being paid automatically via direct deposit, sign up. Some employers will let you split your paycheck among multiple accounts. If that’s possible, send at least 10 percent of earnings to your savings account. Read More

Source: MoneyTalksNews, May 2017