- If possible, use direct deposit for paychecks, benefits, and other income. Ask your employer or agency for details.
- Always fill out a deposit slip when depositing your check at a teller or the ATM.
- Always sign, or endorse, the back of the checks you’re depositing. Writing “For Deposit Only” instead of using your signature protects you from fraud.
- Keep track of your deposits and save your deposit slips.
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There are a few ways you can make deposits into your accounts. Direct Deposit. Your paychecks, benefits checks, other income, and wire transfers can be electronically deposited. You save yourself a trip to the bank or credit union and get immediate access to your money. You still get a pay stub from your employer so you know how much you got paid and how many hours you worked. Direct deposit often makes your account free – with no monthly fees or charges. ATM Deposit. You can make deposits into ATM machines connected to your bank or credit union. It may take a day or two for your checks to get cashed. Teller Deposit. You can make deposits at the bank or credit union by using tellers, also known as customer service representatives. Automatic and Wire Transfers. This includes transfers between connected checking and savings accounts and wire transfers. You can have money from your checking account automatically transferred to your savings account. For example, you can ask your financial institution to transfer $100 from your checking account to your savings account each month. You can also set up automatic wire transfers to and from other banks and credit unions. Deposit Tips |
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