BeGreenMinded

The green benefits of Direct Deposit

greenpolka-dotpiggybankThere are several easy, money-saving ways to help the environment, some of them you might already be doing.

Do you have your paycheck deposited directly into your checking or savings account? That practice is good for the environment.

A few weeks ago, I wrote about the amount of money and greenhouse gases saved with online bill pay. Direct Deposit also saves money and greenhouse gases.

The American Payroll Association reports that  by opting for Direct Deposit, you not only save the paper the check is printed on, you also save the gas used idling in your car at the bank drive-thru. And you are assured that your money is always in your account on payday, even if you are out of the office.

ElectronicPayments.org reports that each year paper checks use over 674 million gallons of fuel and add 3.6 million tons of carbon dioxide into the environment.  And 145 million Americans use Direct Deposit!

Many employers offer Direct Deposit, because it saves them money as well. The government stands to save a good bit of money if all of the people receiving Social Security and Veterans’ Affairs checks each year would switch to Direct Deposit.  According to GoDirect.org, the Treasury could save $130 million annually — the money saved would stay in the Social Security Trust Fund.

About these ads

2 comments on “The green benefits of Direct Deposit

  1. Pingback: Filing taxes online to save the earth | BeGreenMinded

  2. Scott Jones
    April 21, 2009

    Great post! There are so many common misconceptions surrounding conservation. Check out our myth-busting video “What’s Your Big Green Lie?!” which gives a taste of the widespread ignorance of green issues at http://www.biggreenlies.com.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Information

This entry was posted on March 22, 2009 by in Green, Light Green and tagged , , , .

Enter your email address to follow this blog and receive notifications of new posts by email.

Are you looking for:

Follow

Get every new post delivered to your Inbox.

%d bloggers like this: