Direct deposit is the option to have your paycheck deposited to your checking or savings account automatically. Direct deposit guarantees that you will have funds on your payday. It saves trips to the bank, and makes it easier to manage your account. Many banks will give you free checking if you have direct deposit through them. Additionally you may be able to deposit a portion of your paycheck directly into your savings account.
To sign up for direct deposit you need to talk to someone in your human resources department. Usually this is offered when you first begin working, but you can also sign up at any time. There may be a waiting period before your first direct deposit starts, because it takes time to process the paperwork.
Additionally if you choose to close your checking account you will need to change your account number with your job. Pay attention to how long it takes to process the paperwork, and allow that amount of time before you close the account. It is usually a good idea to leave that account open until the direct deposit has gone into your new account.
