Direct deposit is an electronic process that allows funds such as salaries, tax refunds, and government benefits to be deposited directly into a consumer's credit union account. It uses the Automated Clearing House network to transfer money between a payer and receiver's account, requiring the recipient to provide their credit union name, account number, and routing number to facilitate the funds transfer.

1. What Is
Direct Deposit?
Direct deposit is the
deposit of funds
electronically into
consumer’s credit
union account.
It requires use of an
electronic network
for transactions
between payer and
receiver accounts.
The network is known
as Automated Clearing
House (ACH).
To facilitate funds
transfer by payer, the
recipient must provide
name of credit union,
account number and
routing number.
Direct deposit facility
can be used to receive
payments such as salary,
tax refunds, investment
redemptions, and
government benefits.
www.gctfcu.net
Greater Central Texas Federal Credit Union
3305 E. Elms Rd.,
Killeen, TX 76542
Phone: (254) 690 - 2274
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