Direct Deposit

What is Direct Deposit?

Direct deposit is having your net pay transferred electronically to your financial institution account on pay day instead of receiving it as a check that you have to cash and / or deposit at your financial institution. Direct deposit is the safer, faster, and smarter way to get paid.

The advantages of having direct deposit are:
  • Your pay is available as cash in your financial institution account on pay day
  • You don’t have to be at work on pay day in order to get paid
  • You don't have to worry about lost or stolen paychecks any more
  • You don't have to waste time standing in line to cash or deposit your check
  • If you have an interest-bearing account, your pay may begin to earn interest right away, depending on your financial institution
  • You avoid check cashing fees