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Direct Deposit

Perks of Direct Deposit

Paying bills. Building savings. Planning retirement. Paying more bills. With all your everyday financial responsibilities, managing your money can be overwhelming. But waiting for your payment shouldn’t cause unnecessary stress. Direct deposit is a convenient option that allows you to receive your payment(s) as soon as it’s available.

You have the flexibility to choose where your money goes (options include checking, money market, Regular savings, and additional savings) and how it's disbursed. Whether you want your entire payment deposited to your checking account or split between checking and savings, the choice is yours.

Plus, you can earn higher rewards when you add direct deposit to your account:

  Member Rewards with Direct Deposit Member Rewards without Direct Deposit
ATM Rebates
If you use a PSECU debit card at an out-of-network ATM and get charged, we’ll rebate the withdrawal fees.
Up to $20 per month. Up to $8 per month.
Debit Card Rewards
Use your debit card and earn rewards on eligible purchases of $10 or more with a PSECU checking account1.
Earn $0.10 cash rewards on eligible purchases when you have one or more qualifying monthly direct deposit(s) that total at least $500. Earn $0.05 cash rewards on eligible purchases.
Founder’s Rewards2
Use your Founder’s Rewards Card and earn cash rewards on everyday purchases.
Earn 2% cash rewards2 on everyday purchases. Earn 1.5% cash rewards2 on everyday purchases.

1You can earn $0.10 cash rewards on eligible purchases of $10 or over with a PSECU checking account and one or more qualifying monthly direct deposit(s) totaling at least $500. You can earn $0.05 cash rewards on eligible purchases of $10 or over for accounts with a PSECU checking account. Certain restrictions may apply. See the Visa® Debit Card Rewards Program Terms and Conditions for full details.

2You can earn 1.5% cash rewards on purchases. You can earn 2.5% cash rewards on purchases if you maintain a PSECU checking account and qualifying monthly direct deposit(s) of at least $500. Some exclusions may apply. See the Visa® Founder's Card and Visa® Alumni Rewards Card Rewards Program Terms and Conditions for full details.

How to Set Up Direct Deposit

You'll need these two numbers:

  • PSECU’s ABA/Transit Routing Number: 231381116
  • Your share account number. Find this in digital banking:
    1. Select the share you want your direct deposit added to (options include checking, money market, Regular savings, and additional savings).
    2. In mobile, click the information icon. In online banking, click on Details on the left side of the page.
    3. Your masked share account number will be displayed on the screen (click the eye icon to unmask it).

Talk to your employer.
Contact your human resources representative, payroll office, or other depositing institution (Social Security Administration, for example) to set up your direct deposit.

Complete a direct deposit request.
Many companies provide the ability to sign up for direct deposit through their online employee portals or have specific forms employees must complete.

Not a PSECU Member?

Open an account to get access to everyday perks, and after a quick application process, you’ll be on your way to a better banking experience. Members achieve more.

Still looking for answers? Check out our direct deposit FAQs.

We make your deposited funds available to you on the same business day that we receive your deposit. Once the funds are available, you can withdraw them or access them in digital banking. View our Funds Availability Policy for more information.

We get it. All this jargon is similar, so it can be confusing to know what each term refers to. A “payroll deposit” typically means an employee’s entire paycheck is being sent to an account at a financial institution. “Payroll deduction” describes a portion of a paycheck being sent to an account at a financial institution. On the other hand, “direct deposit” means any amount of money from any source that’s electronically deposited into an account.

Yes. If your employer offers the option to separate the funds - usually, by dollar or percentage - into multiple accounts, you will need to indicate that during the authorization process.

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