Direct deposit is the electronic transfer of a payment from a
company or organization into an individual's checking or savings
account. It is the most widely used ACH electronic payment
application and is a smart way to be paid. It is ideal for payroll,
tax refunds, pensions, dividends, bonuses, or other payments.
Direct Deposit is simple.
- Once you have signed up for Direct Deposit, you don't have to
go to the bank to deposit checks.
- Your money is automatically deposited into your account on
time, every time - and you don't have to be at work - or even in
Direct Deposit is safe.
- Direct Deposit payments never get lost.
- Direct Deposit is confidential. Money is transferred
electronically and passes through fewer hands than a check.
- Problems with Direct Deposit, which are rare, are quickly
- Almost 85 percent of identity theft starts with someone seeing
your personal financial information on a paper check, billing
statement, or bank account statement. Once electronic payments are
set up, the money travels electronically, greatly reducing the
number of people who see your personal information.
Direct Deposit is smart.
- Direct Deposit gives you access to your money earlier than
check deposits. There is no waiting for checks to clear.
- Direct Deposit puts you in charge of your money. Financial
planners recommend Direct Deposit as one step towards gaining
control of your finances.
- With Direct Deposit, you decide how to divide your pay among
your accounts and it will be done automatically.
- Employers will issue a payment summary of every deposit that
will look much like your paycheck stub looks today. It will show
your deductions for taxes, insurance, and other obligations, and
will reflect the balance that was deposited into your
To set up a direct deposit of your payroll or any other payment
requires you to contact the company and complete the paperwork.
They will normally want a voided check from your checkbook
containing your bank's routing number and your account number. The
routing number is the first set of numbers on the bottom left of
your check. The routing number is followed by your account and the
number of the check itself.
Contact a customer service representative at one of our office
locations if you need help. We are there to help serve you.