When you set up direct deposit, your employer will provide you with a pay stub showing the deposited amount. However, this is not the same as a W-2 form, which displays your total income and tax withholdings. If you deposit your paycheck directly into a bank account, it does not count as a pay stub. However, if you deposit your paycheck into a savings account, it can be considered a pay stub. In such cases, you should ask your employer for a pay stub.