How to Use Direct Deposit

A direct deposit allows for your employer to electronically deposit your pay check into your banking account. Instead of receiving a live check at the end of each pay period, your funds will go directly in your checking account. Direct deposit is convenient since you will no longer have to walk into a bank and physically deposit your check. Also, the electronic deposits usually arrive faster than a live check. It’s not unusual for the electronic funds to arrive in your checking account a day early.

Setting Up a Direct Deposit
Your employer will ask you whether you want to receive a live check or if you would like to set up a direct deposit.  If you elect to have your funds deposited directly into your checking account, your employer will ask you to fill out a direct deposit election form and provide a voided check. From the voided check your employer will obtain the routing number for your bank.  This is the first string of numbers located at the bottom left of your check.  This number is always 9 digits. The number directly to the right of your bank’s routing number is your account number. Your employer will also use this number to set up your direct deposit. Once you have submitted your direct deposit election form and voided check, it usually takes one pay period cycle for it to process.