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.

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

7 Payroll Best Practices of 2017AYROLL

Payroll can be a beast. Luckily, it’s a beast that software can help tame. As cloud technology and regulatory standards continue to evolve, payroll software changes every year. This can make choosing a payroll service difficult. Not only do you need to know which payroll software is the best, but you also need to understand how to use payroll software effectively for your own business.

Here are seven best practices to help you answer these questions in 2017:

1. Abandon the paper trail for digital

Did you know that you should keep all records associated with an employee’s payroll and taxes for at least three years? Even at a small company, that’s a lot of paper. With the right payroll software in place, you can ditch all those filing cabinets in lieu of digital documentation and paperless payroll. It’s not only space-effective — it’s more accurate and searchable.

2. Direct employees to direct deposit

According to the electronics payment association NACHA, 82 percent of U.S. employees are paid via direct deposit. And of the few who aren’t, nearly are all aware of the existence of the service. Direct deposit benefits both you and your employees. On your side, it eliminates the time and cost associated with writing and printing checks. On their side, it saves time and reduces the risk of misplacing a check. It’s another step toward a paperless HR process that gives everyone involved a smoother experience. If you aren’t doing so already, encourage your employees to go the direct deposit route. You can even use your software to demonstrate to those who are nervous just how simple it can be. Read More.

Source: CPA Practice Advisor, April 2017