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Find answers to our Frequently Asked Questions.
Posted July 21, 2022

In today’s world, many employers, businesses, and government entities use direct deposit. This convenient, hassle-free option sends a paycheck, deposit, or government benefit straight to a payee’s account of choice. 

Learn about the many benefits direct deposit offers and see how easy it is to make the switch.

What’s direct deposit?

Rather than receiving and depositing or cashing a paper check, the payer deposit funds directly to an account or accounts of your choice through an Automated Clearing House (ACH). This process is automatic and doesn’t require input from you once established.

Examples of ACH Direct Deposits include, but are not limited to: payroll, pensions, tax refunds, government benefits, annuity payments, and one-time payments.

What are the benefits?

There are many benefits to direct deposit. First, you could receive your paycheck a day early.* It’s also available at no-cost and is less risky for payees. There’s no need to worry about losing a check or having it stolen, and it doesn’t require you be present to collect your payment.

Other benefits:

  • Avoids check cashing fees
  • Doesn’t require a trip to the credit union
  • Avoids potential check hold
  • Funds are immediately available on scheduled payday
  • May be able to split deposit amongst accounts
  • Can be used to establish automatic savings
  • Creates electronic records
  • More environmentally friendly

There are also special product offers like the Holiday Line of Credit and Classroom Cash Loan that are available to A+FCU members. These non-traditional loans are based on eligibility requirements§, such as having direct deposit for a period of time and being a member in good standing, instead of your credit report. 

How do you enroll in direct deposit?

If the option is available, you will need to provide your account information and consent to the organization or person paying you. You can usually submit banking information online or through a direct deposit form.

Here’s what you typically need:

  • ABA routing number
  • 13-digit account number (A+FCU)
  • Account type: checking or savings
  • Financial institution’s name and mailing address
  • Voided check (not always required)
Where can I find my direct deposit information?

A+FCU members can conveniently access a pre-filled direct deposit form from within A+ Online Banking and the A+ Mobile App. The form will have an image of a sample check, pertinent account information, and A+FCU’s mailing address and phone number.

To access the form, log in to online banking and select Services > Direct Deposit Form. Choose the account holder’s name if you have a joint account and the share you’d like to deposit funds to. Verify your address is correct and click Submit.

If you’re unable to enroll online, print the completed Direct Deposit Form and submit it to the employer, business, or agency that will be sending payments. Please note that they may have their own form; in that case, you’ll carefully copy the information over.

A+FCU members also have the option to set up ClickSWITCH®, a free online portal that easily transfers direct deposits or automatic payments from an old account to an A+FCU account. You’ll be able to transfer direct deposits, notify auto-debit payees of the new account information and updated billing information, and initiate account closure letters for your old account.

To get started with ClickSWITCH®, call our contact center at 512.302.6800, make an appointment, or visit a branch near you.

How long does it take to compete the enrollment process?

It may take one or two payment cycles for the change to go into effect. It’s best to confirm with the employer or sender in advance to avoid confusion.

Additionally, A+FCU members can choose to receive notification when a deposit is made to their account. Click here for guidance on how to set up an eAlert. The option you’ll select is Direct Deposit Received.

*Early payment of funds is not guaranteed and is subject to when A+FCU receives the funds from the originator.
†Membership required. One Holiday Line of Credit per member. For new Holiday Line of Credit borrowers, guaranteed approval when you meet these qualifications: Direct deposit of at least $800 per month for the past five consecutive months; Open checking account; 18 years of age or older; Membership opened at least 6 months (180 days); Meets Holiday Line of Credit account requirements. Program, rates, terms, and conditions are subject to change without notice. Associations and businesses are not eligible. Some exclusions may apply. Holiday Line of Credit available November 1 – January 31 (following year) and is subject to change.
‡Membership required. Classroom Cash Loan available annually from July 15 through September 30 for certified teachers, librarians, and counselors (dates subject to change). Direct deposit required (minimum $300). Limit one loan of this type at any one time. Programs, rates, terms, and conditions are subject to change without notice. Normal lending criteria apply. All loans subject to credit approval. Maximum loan amount is $500. Meets Classroom Cash account requirements.
§Holiday Line of Credit and Classroom Cash account requirements for NEW borrowers include (and is subject to change): no negative shares; all loans current; no late payments >30 days on any A+FCU loan, open or paid off; no current or prior charge offs with A+FCU; maximum of $250 in non-sufficient funds (NSF) fees year-to-date on current checking accounts and any checking account closed within the past year; no current or prior bankruptcy status.