Question

True or False:

Direct deposits decrease the efficiency of the payroll process because of cyber issues.

Answer 1

Solution:-

Direct deposits decrease the efficiency of the payroll process because of cyber issues:-

False.

Explanation:-

Payroll can be a time-consuming task. Direct deposit will make your payroll process more efficient.

Employer Benefits

• Better control of payroll expenses
• Reduced risk of fraud, theft, and lost checks
• Timely payment of checks, especially when employees are away from the office

Employee Benefits

• Timely depositing of payroll checks
• Reduced time for checks to clear
• Reduced chance of losing checks or theft of checks
• No need to visit the bank to deposit your check
• Your check can be split automatically to multiple bank accounts
• There is no cost to employees for direct deposit