Direct Deposit & Payroll Deduction

No more waiting in line.

What Is Direct Deposit?
Direct Deposit is a safe, secure, and FREE way to have your money deposited directly into your checking and savings account. 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. Direct Deposit can be used for payroll, Social Security, benefit checks from federal or state government agencies, pension payments, tax refunds, and investment income or any other payments sent electronically through the Automated Clearing House (ACH).

Benefits of Direct Deposit

Convenience: Saves time and effort. No more special trips or time spent waiting in line to deposit your check – a nice feature if you’re busy, on vacation, or away on business.

Security: With Direct Deposit, you don’t have to worry about lost, stolen and misplaced checks.

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, and in most cases, available sooner than with a check.

Confidentiality: Because the deposit is made electronically and not by check, no one has access to personal information that is usually printed on a check (i.e. address, telephone number).

It's Free: Need we say more?

How Do I Begin Using Direct Deposit?
Ask if your employer offers Direct Deposit. If they do, simply state that you want to sign up for the service and your employer will provide you with what you need to get started. If Direct Deposit is not offered, explain why you would like the service and encourage your employer to offer Direct Deposit. There’s no need to wait in line on payday. Enjoy the convenience of direct deposit and save time (and money). Go direct today!


For more information or to sign up for Direct Deposit, stop by any IFCU Branch, call 765-771-8000.


Payroll Deduction

It’s the fast, painless way to save.  Each payday, you can have a specified amount directly deposited into your IFCU checking or savings account for FREE. You can have the money distributed among your various IFCU accounts. For more information or to find out if your company offers Payroll Deduction, talk to your company’s payroll department or call 765-771-8000.