Direct Deposit Debit Card

You can save hundreds of dollars a year on check cashing fees simply by using a direct deposit credit card. This is a prepaid card issued as a MasterCard or Visa.

To use direct deposit you must fill out a form and turn it into the payroll department of your employer. Then your paychecks will automatically be deposited into your account.

You will still be issued a pay stub for you personal records. This will show you how many hours you worked and how much was taken out of you check for taxes.

You can check your account balance and recent activity online. You will be able to use direct deposit for payroll checks, pension checks, tax returns, social security and more. You can then use your card to make purchases. This can be used over the phone and online.

It can also be used to make hotel reservations and rent a car. Cash can be accessed through ATM machines just like a check card.

In addition most offer another feature called bill pay. This is where you can use your account to pay bills. This will save you more money by not having to purchase money orders.

Also some offer free credit builder. This is a feature that will record your payments using bill pay with a credit reporting agency.

Providing you with an opportunity to show future lenders you are credit worthy. There is no chexsystems verification or credit check. It works just like a checking account.

You will never have to pay overdraft fees, over the limit fees or interest charges. Some cards even offer free activation for enrolling in direct deposit.

If you are in chexsystems or just have bad credit, we do suggest a direct deposit debit card. It gives you all the features of a checking account, while saving you money on money orders and check cashing fees.

Source by Daniel Moskel

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