Direct Deposit Offers Financial Convenience

Payday is great—but finding time to deposit your paycheck? Not so great.

Fortunately, there’s a convenient, secure solution that can help you save time and gain access to your funds more quickly. Say hello to Hopewell Federal Credit Union direct deposit feature.

Here’s why you should make the switch:

* Convenience. According to NACHA, The Electronic Payments Association, Herndon, Va., you can save three work days a year by not spending time depositing checks in person.

* Security. Direct deposit eliminates risk of fraud and identity theft and assures safety with no loss of convenience.

* Timeliness. With direct deposit, your money is consistently deposited on time, even if you’re not at work on payday.

* Accessibility. Direct deposited funds clear automatically.

* Earnings. With direct deposit, your check earns dividends as soon as possible if it’s deposited into an interest-bearing account.

Direct deposit also can help you save more. According to the results of a NACHA survey, people who use direct deposit save $390 a month, $90 more than those saving manually.

Pairing direct deposit with automated transfers from checking to savings can help you make real savings progress. In a survey conducted by the Consumer Federation of America, Washington, D.C., 75% of respondents ranked automatic transfers from checking to savings or investments as an important savings strategy; 48% ranked automatic transfers as very important.

It’s simple to switch to direct deposit: Hopewell Federal Credit Union easily can help you set it up. Ask for our nine-digit routing and transit number before you request direct deposit from anyone issuing checks to you regularly. Next, fill out an authorization form from your employer, or other check issuer, to have your funds deposited directly into your account.

Contact Hopewell Federal Credit Union at 740.522.8311 about making the move to direct deposit today.

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