Saves You Time
No more physical cheques in the mail means no more trips to the bank to deposit your cheques. It'll free up time for you to do things you want to do.
There’s no chance of losing your paycheque if it’s automatically deposited into your account come pay day.
When you know exactly how much you'll be paid and when, it'll reduce your anxiety of waiting for when your payment would come in. Even when you set up direct deposit for your insurance benefits, you'll know when your payments would come in based on their estimated payment timelines. When you get to worry less about how your money is getting into your bank account, you can focus your energy on what you want to do with that money.
It’s the green thing to do
Another direct deposit advantage is that it’s a simple green step in the right direction, as it’s all done electronically. By eliminating paper consumption and the need to get in a car and drive yourself to the bank and back, you’re reducing your carbon footprint.