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post #1 of 7 (permalink) Old 12-05-2013, 06:08 AM Thread Starter
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Say It Ain't So Joe

Could there have been any worse name to give a company overseeing direct deposit?

Safeguard is pleased to announce that we have partnered with NoCheck Payment Services to collect and maintain banking information to allow for electronic direct deposit (ACH) of your weekly checks. Over the next 6 months we will be sending out enrollment letters with instructions on how to log into our partner NoCheckís secure website to provide your bank account information. Safeguard will not maintain, or have access to your banking information. It will be each vendorís responsibility to log into NoCheckís website and keep your bank account information current. We will be focusing on our largest vendors in the first wave of letters, but will work our way through our entire network in each successive wave. Please watch your mail for this exciting opportunity to improve your cash flow and avoid delays stemming from the postal service.
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post #2 of 7 (permalink) Old 12-05-2013, 06:57 AM
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post #3 of 7 (permalink) Old 12-05-2013, 08:28 AM
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The best way to improve cash flow is not to work for safeguard. Honestly if your contractors have to wait by the mailbox for checks that says something about your company.
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post #4 of 7 (permalink) Old 12-05-2013, 08:35 AM
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Boy....SGP and mt banking information...why does that just sound like a very unwise decision to make?

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post #5 of 7 (permalink) Old 12-05-2013, 09:27 AM Thread Starter
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Originally Posted by Craigslist Hack View Post
The best way to improve cash flow is not to work for safeguard. Honestly if your contractors have to wait by the mailbox for checks that says something about your company.
But that is why they these nationals continue to have a pool of contractors at their disposal. They prey on the out of work, in debt, and new to the industry groups. Yes, I meant prey. I've let my part timers go for the winter. A couple will go straight to these outfits and hope to latch on. That is who they want. I treat my top level guys like top level guys. If I paid them 70k per year and banged them for 10k in chargebacks, they wouldn't stay and I wouldn't keep them. Outfits like Safeguard will, and while the above memo states they won't have control over your banking info, I wouldn't sleep at night knowing someone's fingers are a few keystrokes away from debiting my accounts at any time for "fill in the blank" reasons.
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post #6 of 7 (permalink) Old 12-05-2013, 06:15 PM
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Originally Posted by GTX63 View Post
But that is why they these nationals continue to have a pool of contractors at their disposal. They prey on the out of work, in debt, and new to the industry groups. Yes, I meant prey. I've let my part timers go for the winter. A couple will go straight to these outfits and hope to latch on. That is who they want. I treat my top level guys like top level guys. If I paid them 70k per year and banged them for 10k in chargebacks, they wouldn't stay and I wouldn't keep them. Outfits like Safeguard will, and while the above memo states they won't have control over your banking info, I wouldn't sleep at night knowing someone's fingers are a few keystrokes away from debiting my accounts at any time for "fill in the blank" reasons.

Great post. I am uncomfortable with some of the companies that currently have my banking info. I couldn't imaging Safegaurd having it.
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post #7 of 7 (permalink) Old 12-05-2013, 06:40 PM
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For any company that wants to pay via direct deposit, I have a special checking account just for direct deposits. As soon as the money is deposited in the account I transfer all of it to my company checking account.

My bank told me that anytime you give permission for someone to deposit money with a direct deposit arrangement you also give them permission to take it back too.

However, as long as the balance is zero they cannot take it back. The only way to back charge me is to take it out of my next payment before I get it. Once I have it it is mine.
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