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Its tax season, and asU.S.
Bankreported, around three-quarters of Americans are likely to receive atax refundthis year.
Waiting for a traditional paper check to be mailed to your address could take weeks.
In the case of a traditional check, this timeline expands to a month or longer.
More Security
Then theres the simple matter of security.
Beyond that, its generally a streamlined and easy process to set up a direct deposit.
You may even have access to a free check cashing service.
Nonetheless, direct deposit remains preferable for reasons stated above.
Those interested should comparison shop their localbanksand credit unions.
For more information on opening a new bank account, theFDICprovides an exhaustive list of suggested options.
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