A bonus for direct deposit is an incentive offered by employers to encourage employees to receive their paychecks electronically rather than through paper checks. This convenient method not only streamlines payroll processing but also enhances security and reduces the risk of lost or stolen checks. Typically, the bonus may be a one-time payment or a small percentage of the employee's salary, rewarding them for opting for direct deposit. By promoting this practice, companies can save on administrative costs while providing employees with faster access to their funds.