What is Direct Deposit?
A. Custodial parents/clients can choose to have their child support payments automatically deposited instead of receiving their checks through regular mail. Direct deposit transfers funds electronically from the noncustodial parent’s payment into a checking or debit card account that the client designates. Savings accounts cannot be used for direct deposit.
Direct deposit is the process of authorizing the automatic deposit of your entire net paycheck (after allocations) into a savings or checking account. back to top What is payroll deduction? Payroll deduction is a way to deposit a specific amount from your payroll check each pay period automatically into a specified savings or checking account. You can also use this method for loan payments. back to top How can I sign up for Direct Deposit? Complete a direct deposit form available at the credit union office or your payroll department. back to top How long does it take for Payroll Deduction? It normally takes Honda one or two pay periods to complete the set-up. back to top Can I cancel at anytime? How? Yes, you may cancel direct deposit and/or payroll deduction at anytime. Call or stop by one of our offices or your payroll department. This process is immediate so by the following payroll the cancellation will be in effect. back to top When is my direct deposit in my account? The greatest
Direct deposit provides the convenience and safety of having your payroll check electronically deposited into the financial institution account(s) of your choice. You do not have to waste time standing in line at the bank to deposit your check, worry about mail delays or lost checks, or miss your check while you are out of town on vacation. Direct deposit is safe, simple and convenient.
