States still roadblock direct deposit. (electronic payroll deposit) From: ABA Banking Journal | Date: September 1, 1994| Author: Haug, Leonard A. | COPYRIGHT 1994 Simmons-Boardman Publishing Corporation. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

The US lags behind other industrialized nations in the percentage of payroll checks electronically deposited to employees' accounts, with 35%, compared to 99% for Japan and over 90% in European countries in 1993. Many states present employers with conditions that prevent them from mandating payroll deposits without the employee's consent. Research shows that banks spend 75 cents for every check cashed at the window, compared to 5.5 cents for automatic deposit via the Automatic Clearing House ...