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Article: Lost Fridays declared. (National Automated Clearing House Association advocates Direct Deposit for paychecks)
- Article from:
- PR Newswire
- Article date:
- September 6, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. 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. (Hide copyright information)
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LOST FRIDAYS DECLARED
HERNDON, Va., Sept. 6 /PRNewswire/ -- Once again America's workers will face a double dose of "Lost Fridays" -- days when employees paid weekly, bi-weekly, and bi-monthly all get paid on the same day.
On Sept. 14th and 28th, more than 80 million employees will have to make a special trip to get their paychecks cashed or deposited at their financial institutions. But over 17 million Americans will be able to use their time for other purposes. These 17 million workers use "Direct Deposit" of payroll, which means that on payday their pay is electronically transferred into their accounts -- their money is in their accounts on ...