Save money paying your people

09/11/2011 | Grow Smart Biz

Direct deposit isn't just convenient for employees, it could also save your business money. The average business could save up to $7,000 from switching to direct deposit, yet 48% businesses -- including nearly one-fifth of small businesses with revenues of $10 million to $20 million -- don't use it, according to a survey by NACHA. Businesses interested in using direct deposit should talk to their banks, Maria Valdez Haubrich writes.

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