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).
Each of these deposits must be $300 or more, with the first direct deposit occurring within 60 days of opening the account. This cash incentive is paid approximately 120 days after the account is opened and the bank requires these accounts to remain open for a minimum of six months. The cash reward will be reported to the IRS for tax purposes. This account also comes with fees.