When your employer sends your pay directly to your checking or savings account rather than issuing you a paper check, you're participating in Direct Deposit. These deposits arrive and are made available to you more quickly than paper checks, and can be automatically divided among different accounts based on your direction.

Key Benefits

• Your money is automatically deposited into your account.
• Your paycheck is divided among accounts automatically according to your direction.
• It gives you earlier access to your money there is no waiting for a deposit to clear.