Did you know that more than 93% of American workers use direct deposit to get paid? According to the “Getting Paid In America” survey done in 2019, the majority of Americans are on auto-pay.
Even if you use direct deposit, you will still need pay stubs when trying to rent an apartment, get a loan, or pay your taxes. Keep reading, and we will guide you through how to get a pay stub with direct deposit.
Why You Need Proof of Income
First and foremost, employees can use pay stubs to confirm that they’re paid the correct amount. Direct deposit brings your net pay into your account, but you won’t see the breakdown for income taxes or deductions.
You may have deductions that go toward your health insurance or your 401(k). If you started working somewhere and want to see a breakdown of your pay, you can use your pay stub with direct deposit to double-check your payment terms.
There are certain circumstances where you might need your financial records. These include, but are not limited to, trying to rent an apartment, get a loan, or pay your taxes.
You will want to make sure you fully understand your pay stub and what information you can gather from it. When you have a complete understanding, it will make it easier to put together the information you need.
How to Get a Pay Stub with Direct Deposit
There are a few ways you can obtain a pay stub with direct deposit. If you want a physical copy, you can start by emailing or messaging your HR department to see if they will mail your documents to your current address.
You should check with them to make sure they have the correct address before having them send the pay stubs.. Another way that you can access your pay stubs is if your company uses a third-party payroll service, such as Workday or ADP.
You should be able to log in and have access to all of your past pay stubs. You can print these yourself or download them as PDFs to provide to whoever needs them.
With current technology, it is likely that you won’t need paper pay stubs and should be able to submit PDFs, whether you’re trying to show proof of payment for an apartment or to provide tax information.
But if you are wondering about how to generate paystubs, just know that it’s super easy and there are tools available online that help you generate pay stubs online.
With pay stub generators, you need to ensure your employer verifies the information before using them.
Get Your Pay Stubs in Order
Now that you know how to get a pay stub with direct deposit, you can pull one whenever you need it for proof of payment.
You can reach out to HR to get the pay stubs in the mail or log in to your third-party payment platform and download it as PDFs. You can quickly pull it to get information for your taxes or provide a pay stub to a future landlord.
Try out the paystub generator to create your pay stub today.
Also Read: Top 7 Importance of Financial Translation Services
