Direct Deposit

Direct Deposit Overview

Direct deposit is a free service that allows regular deposits such as payroll and social security payments to be made electronically into your Ultrimal Investment checking, savings or money market accounts.

Benefits of Direct Deposit

  • Save time: no need to drive to the bank to cash or deposit your check
  • Peace of mind: reduce the risk of losing checks or having checks stolen
  • Prompt payment: deposits are in your account on payday & funds are available that day
  • Savings: you can designate part of your pay to go directly to your savings account: calculate how quickly regular deposits can grow

Direct Deposit Options

Payroll check sign up process:

  • Step 1: Complete and print our direct deposit form
  • Step 2: Attach a voided check to the form
  • Step 3: Submit the completed form to your employer or third party making a direct deposit into your account
  • Step 4: Enroll in online banking for quick access to your accounts

 

Social Security & other Federal benefits sign up process:

Let's Talk

 

* Activation bonus is paid based on activating certain services and meeting transaction requirements - $25 paid for activating one service, $75 for activating two services or $150 for activating all three services. Activation bonus will be paid within 30 days of the MeritRewards enrollment anniversary date. Refer to MeritRewards Program Description for full details of the program.