How Direct Deposit Works

Direct Deposit is fast and reliable, and it’s the way 93% American workers get paid.

Direct Deposit

Direct Deposit puts consumers in control of their finances. They can access their money quickly, pay no additional fees to receive their pay. In addition to payroll, Direct Deposit can be used to receive:

  • Travel and other employee expense reimbursements
  • Bonuses and commissions
  • Pension/401(k) disbursements
  • Annuities
  • Dividend and interest payments
  • Social Security and other government payments
  • Tax and other refunds

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Additionally, Split Deposit lets consumers direct a fixed amount or percentage of their pay into a savings or investment account for each pay period, helping consumers save “automatically.”

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