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What are the characteristics of a paper paycheck?

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A paycheck is traditionally a paper document issued by an employer to pay an employee for services rendered. Recently, the physical paycheck has been increasingly replaced by electronic direct deposit.

Disadvantage of a paper paycheck is that the cost for employers to print paychecks is greater
than direct bank deposit. Moreover, it is not very secure for employees either. There is also a chance
of the paycheck getting lost. But the employee may choose what to do with the paycheck, is not forced to use a depository institution.

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