It isn’t so much what the advantages of having direct deposit are, but what the disadvantages are if you don’t have direct deposit. If your money is sent directly to the bank, it is never lost. There is no time wasted between you getting the check and you having to bring it to the bank. It is never stolen. A Social Security check placed in a Social Security direct deposit account is immune from ordinary lawsuits. Lawyers call these types of arrangements “judgment proof.”