What is Direct Deposit?
Direct Deposit is a safe and easy way to have your money deposited directly into your checking or savings account. When you use Direct Deposit, you allow the issuer of your check to electronically transfer money into your account. So instead of taking the time to deposit a check yourself, the money will automatically be deposited into your account on an agreed upon date. It's that simple.
Why Use Direct Deposit?
Direct Deposit offers you many advantages over checks, including:
Security: With Direct Deposit, you don't have to worry about lost, stolen and misplaced checks.
Reliability: You no longer need to wait for your check to arrive in the mail. You can have peace of mind knowing your money will always be in your account on time, and in some cases, available sooner than with a check.
Flexibility: Direct Deposit is most often used to deposit money into a checking or savings account. If you decide to switch accounts or change financial institutions, it's easy to change your Direct Deposit arrangements - simply fill out a form and provide your written authorization and new account information to your check issuer.
Confidentiality: Because the deposit is made electronically and not by check, no one has access to personal information that is usually printed on a check, such as your address and telephone number.
Convenience: Saves time and effort. No more special trips to your financial institution to deposit your check - a nice feature if you're busy, on vacation or away on business.
Where Can I Get More Information?
For more information or to sign up for Direct Deposit give us a call at 765.664.8089.