The most common use of Direct Deposit is for payroll. When you use Direct Deposit, you allow your employer to electronically-transfer money into your account. So 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.
Although the most common use of Direct Deposit is for payroll, it can also be used for other types of payments including the following: Annuities, Bonuses and Commissions, Dividends and Interest Payments, Pensions, and Travel Expense Reimbursements.
Learn more in our Guide to Direct Deposit
Sign up now using the Direct Deposit Form
©Copyright 2015 All America Bank® All Rights Reserved • Member FDIC • Equal Housing Lender • NMLS# 1286989