Is your Direct Deposit Changing? November 07, 2018

If you have Direct Deposit and your employer makes changes to your payroll, make sure to review your scheduled transfers, loan payments and recurring bill payments in Online Banking. Proactively ensuring that your automatic transfers and payments align with your new pay date will prevent nasty surprises in your budget.

If your employer makes a change to your pay frequency (e.g. monthly to biweekly), you don’t need to make any changes to your Direct Deposit. The frequency of your Direct Deposit will automatically adjust.

Continue reading for more information on how to review your scheduled transfers and payments in Online Banking.

Review Scheduled Transfers in Online Banking

1. Select ‘Scheduled Transfers’ under ‘Transfers’

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2. Click to edit Scheduled Transfer

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3. Review or Edit your existing Scheduled Transfer

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Review Scheduled Loan Payments in Online Banking

1. Select ‘Scheduled Loan Payments’ under ‘Loans’

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2. Click to edit Scheduled Loan Payment

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3. Review or Edit your Scheduled Loan Payment

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Not sure which frequency to choose?

Annually

• Scheduled Transfer will start on the Next Date
• Transfer will repeat once per year (every 12 months) until the End Date is reached

Semi-Annually

• Scheduled Transfer will start on the Next Date
• Transfer will repeat twice per year (every 6 months) until the End Date is reached

Quarterly

• Scheduled Transfer will start on the Next Date
• Transfer will repeat 4 times per year (every 3 months) until the End Date is reached

Monthly

• Scheduled Transfer will start on the Next Date
• Transfer will repeat once per month until the End Date is reached

Semi-Monthly

• Scheduled Transfer will start on the Next Date
• Set the second transfer for 14 days later (e.g. 1st and 15th, 5th and 20th, etc.)
• Transfer will repeat every month on those days until the End Date is reached

Bi-Weekly

• Scheduled Transfer will start on the Next Date
• Transfer will repeat every other week until the End Date is reached

Weekly

• Scheduled Transfer will start on the Next Date
• Transfer will repeat once per week until the End Date is reached