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Direct deposit is a function of ACH (Automated Clearing House) service; the most widely used electronic payment method. It's ideal for payroll, tax refunds, pensions, dividends, bonuses, expense reimbursement, or other payments.
Features and Benefits:
Safe
- Confidential
- Funds are transferred electronically, passed through fewer hands than checks
- Eliminates the risk of stolen or lost checks, forgeries, and helps protect customers from identity theft
Simple
- Funds automatically deposited into checking, savings or money market accounts
- Save time, no trips to the bank
- Free
Fast
- Immediate access to your money
- No holds or wait for checks to clear
- On time
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