BREAKING DOWN 'Seller's Market'. In a seller's market in commodities, the seller--because of the scarcity of underlying commodities or goods--is able to obtain better conditions for the sale, or higher prices. Conditional Offer. In general, an agreement between a buyer and a seller that an ...
At those averages, a small business of 20 employees would spend approximately $40 per pay period to issue paper checks, compared with $7 for direct deposit. Annually, the same company would spend $1,040 processing paper checks as opposed to $364 using direct deposit (assuming the employees are paid bi-weekly).
Also, technically, by U.S. banking laws and regulations, it is ILLEGAL for you to put your paycheck, or direct deposit into another person's account. Also, if your bank notices this, they have the right to refuse to accept that direct deposit!There may also be a problem with the bank.Most banks will not accept direct deposits if that person is not on the account. That means it will take 3-5 days for your employer's bank to be notified that the deposit DID NOT go through. Then they will have to issue a check. have $100 go to my moms account each pay period and then of the balance I have 75% go to my account and 25% go to my husbands account, which we use for savings. It's your money and you can dispense of it any way you like....they just need your signature approving it so they don't get in trouble.