What Is Direct Deposit?
Direct Deposit is a safe and easy way to have your money deposited directly into your checking or savings account. The most common use of direct deposit is salary payments. When you use direct deposit, you allow a company or organization to electronically transfer money into your credit union account. So instead of taking the time to deposit a check yourself, the money will automatically be deposited into your account on an agreed-upon date. It's that simple.
Why use Direct Deposit?
Direct deposit offers you many advantages over checks, including:
- Convenience: No more special trips to credit union to deposit your check - a nice feature if you're busy, on vacation or away on business.
- Reliability: You no longer need to wait for your check to arrive in the mail. You can have peace of mind knowing your money will always be in your account on time.
- Security: With direct deposit, you don't have to worry about lost, stolen and misplaced checks.
Remember the saying, "Pay yourself first?" With payroll deduction, you can do that.
With this service, money is deducted from your payroll check each payday in an amount specified by you and disbursed into the accounts you have selected for either savings, checking, or to make a loan payment.
Need to change it? No problem! Just stop in at the member service desk at any of our locations and ask to fill out a payroll deduction change form.
Contact your employer to see if payroll deduction is available through their company for you!
Credit union to credit union, or credit union to bank.
Park City Credit Union provides incoming and outgoing wire transfers capabilities to our members. Wire transfers are done through Wisconsin Corporate Central, which is connected to the Federal Reserve Bank. Complete information about the receiving institution and account is needed.
Whether the wire is in State, out of State, or out of the country we can help you with this service.
Call us at any of our three locations to find out more about this service.
