Trade Credit & Liquidity Management

JULY 9, 2025

The federal government is moving to eliminate paper checks for all federal disbursements by September 30, 2025, under Executive Order 14247, “Modernizing Payments To and From America’s Bank Account.” The cost to issue a paper check is $2.02, compared to just 12 cents for an ACH credit.

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NACHA Tax Refunds ACH Treasury 40

PYMNTS

JULY 23, 2020

The money for a second round of $1,200 stimulus checks for individual Americans could come quicker than the first, according to The Wall Street Journal (WSJ). Roughly 60 percent of the disbursements are expected to be paid out via direct deposit this time.

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Direct Deposit IRS Checks Procedures 144

PYMNTS

APRIL 22, 2020

If your $1,200 federal COVID-19 stimulus payment has been deposited into your bank account by the Internal Revenue Service (IRS), consider yourself one of the lucky ones. All he could say is that the IRS will direct-deposit the money or mail checks through the spring and summer.

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IRS Checks Direct Deposit Bank Routing Number 130

PYMNTS

APRIL 15, 2020

Walmart is hoping customers will sign up for its Walmart MoneyCard to create a direct deposit account to access the government stimulus payments being sent out this week, touting waived fees and quick access, according to an emailed press release. The retail giant said the process would be safe, easy and affordable.

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Checks Direct Deposit Accounts IRS 98

PYMNTS

AUGUST 18, 2020

The payments will be made in a variety of ways, including direct deposit for around 12 million people and paper check for everyone else. The IRS got a hefty challenge this year as it had to deal rapidly with the $1,200 individual stimulus checks mandated as part of the CARES Act in March.

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IRS Checks Direct Deposit Tax Refunds 120

PYMNTS

APRIL 10, 2020

People who provide banking information will get a direct deposit; everyone else will get a check mailed to the provided address. Get My Payment will provide people with the status of their payment, including the date their payment is scheduled to be deposited into their bank account or mailed to them,” the IRS said.

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IRS Checks Social Security Consumer 145

PYMNTS

APRIL 27, 2020

The latest round of checks under the massive U.S. Americans can use the IRS Get My Payment tool to enter their direct deposit information and track their payments. The first waves of $1,200 (for individuals) or $2,400 (for couples) and $500 checks (per child) started hitting bank accounts earlier in the month.

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IRS Checks Small Business Direct Deposit 103

PYMNTS

APRIL 12, 2020

People with direct deposit on file with the IRS will be among the first to get coronavirus relief funds when stimulus payments start going out this week, according to numerous reports Sunday (April 12). Initial payments had already started being deposited into bank accounts on Friday night (April 10), the official said.

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IRS Direct Deposit Consumer Payments 123

PYMNTS

MARCH 26, 2020

If ever there was a time to kill the check, that time would be now. As reported, those Americans with direct deposit account information stored with the Internal Revenue Service (IRS) — the conduit through which they get refunds — will get those payments within a few weeks after legislation is finalized and signed.

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Checks Push-to-Card Direct Deposit IRS 100

PYMNTS

APRIL 9, 2020

The first round of emergency assistance is expected to reach people who have previously provided direct deposit information to the Internal Revenue Service (IRS). Most adults will get a “check” for $1,200, although high-income people may get less. The stimulus money should help people pay for housing, groceries and basic needs.

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IRS Direct Deposit Social Security Accounts 102

PYMNTS

APRIL 13, 2020

The stimulus checks — some of them, anyway — are coming, via direct deposit, to tens of millions of Americans’ bank accounts over the next several weeks. In other words, the recipients would create checking accounts at the Federal Reserve Banks (there are 12 of them).

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Fed Federal Reserve Accounts Direct Deposit 99

PYMNTS

FEBRUARY 19, 2019

Payroll and accounting software company Patriot Software is addressing the friction of onboarding employees to receive wages via direct deposit. 18), Patriot Software said it is rolling out Patriot Direct Deposit, a way to streamline employee onboarding to direct deposit via standard four-day ACH or bank wire transfers.

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Direct Deposit Payroll Wire Transfer Checks 49

Stax

NOVEMBER 11, 2024

ACH transfers, or payments made through the Automated Clearing House network, account for billions of dollars in payments annually. However, the use of ACH payments in B2B transactions accounts for a large portion of payments made through the network and grew by 17.4% TL:DR ACH Payments are essentially digital check payments.

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ACH Checks Identity Theft Payments 88

PYMNTS

FEBRUARY 22, 2019

In the quest for ill-gotten gains, fraudsters have a myriad of ways to try to scam unwitting victims, intercepting funds or having them sent to their own accounts. Internal Revenue Service (IRS) said that ahead of tax season, preparers and other victims received requests to change direct deposit activity. In December, the U.S.

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Direct Deposit Scams IRS Business Email Compromise 54

PYMNTS

APRIL 16, 2020

We know a large number of Americans will need access to their checks as soon as possible, and we want to meet that need.” ” The prepaid card, which offers cardholders an alternative to brick-and-mortar banks, can accept direct deposit payments, including paychecks and government benefits.

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Direct Deposit Treasury Deposit Account Enrollments 94

PYMNTS

JANUARY 6, 2021

Americans expecting a second stimulus check deposited into their accounts have not received payment as anticipated, CNBC reported on Wednesday (Jan. People who filed their 2019 taxes with H&R Block or TurboTax told CNBC that they have not seen a deposit as expected.

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Blocks Checks IRS Direct Deposit 71

TechCrunch Fintech

MARCH 31, 2025

The digital bank is offering customers who agree to have their paychecks directly deposited into a Chime savings or checking account an APY of 3.75%, it tells TechCrunch exclusively. As it gears up to go public, Chime is going all in on new features in an effort to attract more customers. For those who dont […]

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Direct Deposit API Checks Accounts 100

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. mobile-first bank accounts.

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Debit Card Checks Accounts Venmo 71

PYMNTS

JANUARY 24, 2018

But “top rated sellers,” according to the company, have their payments arrive in their accounts at a significantly faster clip — only seven days. Other gig economy-based companies offer PayPal, too, such as GigSalad, which allows users that have a PayPal account to be paid through their platform. percent.

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Direct Deposit PayPal Payments Economy 51

Nanonets

APRIL 30, 2024

QuickBooks offers a range of contractor payment options, but the base QuickBooks Online platform lets users quickly pay contractors via direct deposit and check. To do so, you’ll need to set your printing preferences so you can print on your check paper of choice. Can I Pay Contractors with QuickBooks Online? 

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Direct Deposit Payroll Checks Cross-Border 98

PYMNTS

APRIL 27, 2020

The organization said it has made significant changes to the site, which has come under fire when people weren’t able to track their stimulus checks. According to the IRS, the updates will make it easier for individuals to add direct deposit information and check the status of their funds.

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IRS Checks Direct Deposit Social Security 61

PYMNTS

JANUARY 23, 2018

The Bank of America has reportedly done away with a free checking account that was popular among low-balance customers, forcing them to save more money with the national bank or face a monthly fee. Some eBanking customers were moved to the fee-based accounts back in 2015. fee each month.

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Checks Accounts Direct Deposit Online and Mobile Banking 56

PYMNTS

MARCH 8, 2018

Square has just launched the ability for ACH direct deposits, allowing users to put their paychecks and other deposits directly into their Cash app balance. Cash App now supports direct deposits for your paychecks. The company made the announcement on Twitter , writing “PAYDAY!

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Direct Deposit Venmo ACH Debit Card 42

Stax

APRIL 23, 2024

Most small business owners and employers are turning to ACH payments instead paper check payments because of the ease and instant access the ACH network provides. Many small businesses choose ACH operators because they are more convenient than most direct deposits. Most ACH deposits are completed within 1-3 business days.

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ACH Direct Deposit ACH Network Wire Transfer 88

PYMNTS

AUGUST 13, 2020

consumers don’t exactly love the paper check — roughly 38 percent report that they’ve stopped using them entirely, and that shoots up to almost 50 percent when talking about millennials. Direct Deposit Isn’t Enough .

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Checks Direct Deposit Payroll Push-to-Card 81

PYMNTS

MARCH 13, 2020

While paper checks are increasingly passing into the realm of consumers’ memory, there are certain niches where they have managed to hold on, even as the rest of the world tries rather adamantly to move on. We’ve known for more than 10 years that there are issues with mailing checks, which is why we’ve seen over 4.5

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Checks Push-to-Card Visa Payments 75

PYMNTS

JUNE 29, 2020

Wealthfront , the online investment service firm, has added checking features to its app. The Palo Alto, California startup said the no-fee account is the company’s latest move to build a next-generation banking service that is branchless, automated and optimizes every dollar. The accounts give customers a higher-than-average, 2.24

Accounts 60

Accounts Direct Deposit Tax Refunds FinTech 60

Payment Savvy

NOVEMBER 14, 2022

If you’re familiar with traditional check processing, where banks manually process physical paper checks and deposit funds into the appropriate bank accounts, then you probably get the idea of electronic checks. Below, we detail how electronic checks work, their benefits, and their best applications.

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Checks Direct Deposit ACH Online and Mobile Banking 52

PYMNTS

APRIL 23, 2020

For many Americans, the federal government’s stimulus website has remained a source of frustration as they are unable to work due to the coronavirus pandemic and their bank accounts become depleted, according to CNBC. The website launched April 15 purporting to update people as to the status of their stimulus payments.

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IRS Checks Direct Deposit On-Demand 70

EBizCharge

JULY 23, 2024

Unexpected expenses and insufficient funds can result in returned checks, leading to hefty fees and significant financial challenges. Therefore, businesses should understand the costs associated with returned checks to optimize their financial planning. What is a returned check fee?

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Returns Checks Electronic Funds Transfer (EFT) Direct Deposit 52

The Finance Weekly

NOVEMBER 8, 2022

From accounting and payroll management to budgeting and forecasting, finance is the reason and numbers behind every bit of data that passes through the organization. Here are the 7 best finance software solutions broken down into different categories: 1) Accounting. Perhaps there is no bigger name in accounting than Intuit.

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Finance Payroll Payment APIs and Integration PayPal 245

Payment Savvy

NOVEMBER 9, 2022

An Electronic Funds Transfer (EFT) is the movement of money electronically from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems. Setting up direct deposit for your paycheck. Transferring money between your own accounts at different banks.

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Online and Mobile Banking Wire Transfer Direct Deposit ACH 98

PYMNTS

AUGUST 4, 2017

Savings app Qapital is now offering a new checking account and debit card to its customers, in addition to its already existing savings account. According to news from TechCrunch , the new services will combine account aggregation, savings and spending options all in one place.

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Debit Card Checks Accounts Direct Deposit 43

Payment Savvy

MAY 16, 2023

Instant ACH transfers are a modern innovation in digital payments, allowing for near-real-time movement of funds between bank accounts. Types of ACH Transfers Direct Deposit Direct deposits are electronic transfers of funds from governments or businesses directly into a recipient’s bank account.

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ACH Same Day ACH Direct Deposit Consumer Financial Protection Bureau (CFPB) 94

PYMNTS

JANUARY 23, 2018

Bank of America is facing backlash from customers who’re getting shut out of the company’s free checking account offering. Now, unless they have a direct deposit of $250 or more each month or can maintain a balance of $1,500 at the minimum, they must pay a $12 monthly fee. fee each month.

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Checks Direct Deposit Online and Mobile Banking ATM 43

PYMNTS

APRIL 5, 2019

gig workers accounting for more than $1.4 What’s more, workers who find roles through these marketplaces are much more likely to receive their money via direct deposit or PayPal , as opposed to more cumbersome methods like cash or check. percent in Q4 2018 — a 12.2 percent increase over the previous quarter.

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Direct Deposit Economy PayPal Instant Payments 81

Payment Savvy

AUGUST 6, 2024

These identifiers are fundamental, from the bank account number on checks to the digits on your credit card. The Essence of Account Numbers What Is an Account Number? An account number is a unique string of numbers, letters, or both that identifies a specific financial account.

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Accounts Debit Card Wire Transfer Credit Cards 52