[Hidden-tech] Direct deposit for entrepreneurs

[Marcia Yudkin]

Steve,

Thanks - now a stupid question.  Is a "direct deposit" the same as an electronic transfer of funds?  How do you arrange that direct deposit, and is it automated (i.e., set up so it occurs without your intervention) or do you just take care of it once a month?

I'm a long-time customer of Florence Savings Bank but I keep my business account in another bank.  (Why?  Because I once totally messed up all my finances by making a deposit into the wrong account.  If the accounts are at separate banks I cannot make that mistake.)  If all it takes to get the higher interest is one electronic funds transfer from another bank, that's easy to arrange.  (I think.)

Thanks,
Marcia


--- On Fri, 2/27/09, Steve Wills <swills at beyond-print.com> wrote:

> From: Steve Wills <swills at beyond-print.com>
> Subject: Re: [Hidden-tech] Direct deposit for entrepreneurs
> To: "Marcia Yudkin" <yudkinyudkin at yahoo.com>, hidden-discuss at lists.hidden=
-tech.net
> Date: Friday, February 27, 2009, 9:41 AM
> I've found that the
> accounting for my business and personal life are best served
> when my business writes me a paycheck.=A0=A0=20
> Even as a business owner, I am then able to direct deposit
> my paycheck.
> It also means that I have the fun of threatening do
> "dock my pay" in the mirror when I am slacking!
> :)
>=20
> So where should I be looking for these higher interest
> rates on my DD check?
> =A0