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Companies now have mutual agreements with banks to pay a percentage and receive a payroll account that allows employee's to use for free. This is called direct deposit, what most people do not know.

That's why banks allow for free accounts, as long as the consumer has direct deposit setup. Both parties make money just for that one action. Payroll costs are cut in this way because there is no production of paper, or postal service fees for mailing. W-2's are now being used in the same manner. Everything will become electronic after a period of time.

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