What is Direct Deposit?
Direct Deposit is a safe and easy way to have your money deposited directly into your Northwest United account. Direct Deposit allows a company or organization to electronically deposit money to your account on a scheduled basis. So instead of taking the time to cash a check yourself, the money will automatically be deposited into your account on the appointed date. It’s that simple!
Direct deposit is the electronic transfer of a federal payment owed to you into your checking, share draft, or savings account. It is safer, more secure and more convenient than receiving your payment by check. You must have a bank account or ETA (Electronic Transfer Account) to receive your payments by direct deposit.
With direct deposit, your employer deposits your paycheck directly to your checking or savings account rather than issuing a paper check to you. It’s a widely used, secure method to help prevent lost or stolen paychecks sent to you through the mail. And since your pay is deposited into your checking or savings account, you won’t need to go to a branch to cash or deposit your payroll check. Your money is automatically deposited into your account based on when you are paid by your employer. You don’t have to be at work or even in town. To sign up for HSBC Direct Deposit, complete the Direct Deposit Transfer Letter to get the process started.
