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What is the difference between direct deposit and payroll deduction?

April 26, 2017deduction deposit payroll

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What is the difference between direct deposit and payroll deduction?

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Direct deposit means that you are depositing your entire check into your Credit Union account(s). Payroll deduction means that you are deducting a portion of your paycheck to deposit into your Credit Union account(s).

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With Direct Deposit, your entire payroll check is deposited at the credit union. Payroll Deduction gives you the option to deposit a portion of your paycheck to an account or loan without depositing the whole check.