Direct Deposit Users Likely to Save More According to SWACHA Survey
Summary
These numbers also demonstrate a significant increase from just 14 percent of those surveyed by SWACHA in 2009 who indicated they save from their paychecks regularly via Direct Deposit.The survey, which tracks consumer trends in electronic payments such as debit and credit cards, mobile banking and the use of Direct Deposit was conducted among 601 people throughout Texas.“Our survey shows that Direct Deposit is an effective saving strategy and we encourage more consumers to take advantage of this tool,” said Dennis Simmons, AAP, president and CEO of SWACHA.For more information visit: Web: www.swacha.org Facebook: www.facebook.com/bringingpaymentstogether Twitter: @SWACHA Editor’s Note: This is the second in a series of releases based on SWACHA’s 2013 Consumer Insights Survey.The survey, which tracks consumer trends in electronic payments such as debit and credit cards, mobile banking and the use of Direct Deposit was conducted among 601 people throughout Texas.“Our survey shows that Direct Deposit is an effective saving strategy and we encourage more consumers to take advantage of this tool,” said Dennis Simmons, AAP, president and CEO of SWACHA.