Direct Deposit/Direct Payment

Direct Deposit is the electronic transfer of a payment from a company or organization into the checking or savings account of employees, retirees, taxpayers, vendors or shareholders.

Direct Deposit is safe, confidential, and convenient.

Direct Deposit can be used for these types of payments:

• Payroll

• Bonuses and commissions

• Dividend and interest payments

• Social Security or other government payments

•  Travel expense settlements

• Vendor payments

• Tax refunds

• Pensions

What is Direct Payment?

Direct Payment also known as automatic payment, electronic bill payment or automatic debit is the electronic transfer of an authorized payment from a consumer’s checking or savings account into the account of a business, financing or investment company, or non-profit organization.

Direct Payment is reliable, confidential, and on time. Once you sign up for Direct Payment, you will never have to write a check, address an envelope or mail a payment again.

Direct Payment can be used for these types of payments:

• Insurance

• Utilities

• Mortgage

• Investments
• Credit Cards
• Charitable Contributions

Record keeping is easy.  Each payment is listed on your monthly bank statement.  Direct Payment helps you maintain a good credit rating because bills are paid on time.

If you have any questions, please contact us at 968-3136 or 1-800-330-3136.