This question is about mandatory direct deposit by state.

How much does it cost an employer to make a direct deposit?

By Zippia Team - Dec. 7, 2022

Direct deposit typically costs between $1.50 and $1.90 in transaction fees for each individual deposit. While setting up direct deposit can cost as much as $50 to $149 in set-up fees, this is still less than the cost of physical wages over time.

For example, the average office printer costs $900-$3,000, and the average cost of printing and issuing checks is about $6 per check.

With that in mind, direct deposit is usually far more cost-effective.

How much does it cost an employer to make a direct deposit?

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