The statement "you can avoid having a hold placed on when funds are available" is not a benefit of the direct deposit option (D) is correct.
What is direct deposit?
A direct deposit by a payer into a payee's bank account is referred to as a direct deposit. Businesses most usually use direct deposits to pay salaries and wages, and they are typically made through electronic funds transfers or physical deposits into a payee's bank account.
The benefits of the direct deposit:
- The money is available as soon as your employer makes the transfer.
- You do not need to drive to the bank to make a deposit.
- You can plan when you are paying bills.
Thus, the statement "you can avoid having a hold placed on when funds are available" is not a benefit of the direct deposit option (D) is correct.
Learn more about the direct deposit here:
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