Today, many companies are requiring that their staff sign up for direct deposit so that all payroll checks are electronically transferred into an individual’s bank account. But direct deposit is not just a cost saving tool for companies—it provides many direct benefits to those who use it.

How does it benefit you?
Direct deposit is actually one of the fastest, safest and most convenient ways to deposit your payroll check.

How is direct deposit safe?
Almost 85% of identity theft starts with someone seeing your personal information on a paper check, billing statement, or bank statement. Direct deposit is a confidential transaction where your money is transferred electronically to your account, greatly reducing the number of people who see your personal information.

What makes it faster and more efficient?
Employees who use Direct Deposit can access their pay in their accounts on their financial institution's opening of business on payday. There is no waiting for checks to clear.

With direct deposit, you can decide how to divide your pay among your accounts and it will be automatically done for you.

How much does it cost to sign up?
For members at State Employees Credit Union the service is free! You may want to check with your financial institution for their terms and conditions.

Direct Deposit is a smart way to help the environment!
Each year, checks use more than 674 millions gallons of fuel and add 3.6 millions tons of CO2 to the environment as they travel through the payment cycle.

Download the Direct Deposit Form

Contact us at (800) 659-7328.

Source: electronicpayments.org