Automatic Deposits & Payments

Automatic deposits are faster, easier and safer than traditional methods. It’s our way of adding security to members’ Social Security, payroll and other regular deposits.

Direct Deposit enables check issuers to send your “checks” electronically to your BFGFCU account. It is available to any member whose employer or other payer participates in this program. Direct Deposit can be used for any periodic payments including:

  • Social Security
  • Supplementary Security Income
  • Railroad Retirement
  • Civil Service Retirement
  • Veterans Administration Compensation
  • Veterans Administration Pension
  • Armed Forces Salary
  • Federal Salary
    		•

    Payroll Deduction     works just like Direct Deposit. However, with payroll deduction, you can arrange for all or part of your paycheck to be deposited to your BFGFCU account.

    There are many good reasons to arrange for Direct Deposit and Payroll Deduction, including these:

  • Unlike checks that are mailed, then forwarded to the credit union, direct     deposits are electronically credited to your accounts ON the date
        of payment.
    		•

  • More than four million paper paychecks
        are lost or stolen every year.

  • Theft of mailed Social Security checks
        is the largest crime against the aged.

  • The Social Security Administration
        reports that not one Direct Deposit has
        ever been lost.

  • Automatic deposits allow you the
        freedom to travel, confident that your
        funds will be deposited.
    		•

  • You no longer have to make special trips or wait in lines on payday to     deposit your checks.

    • Getting Started is Easy

    Starting Direct Deposit is easy. Simply provide the issuer of your check with BFGFCU’s routing and transit number (241273078) and your BFGFCU account number. Direct Deposits usually begin within 30 days.

    To arrange for all or partial Payroll Deduction, simply print and complete a Payroll Deduction Form and bring, mail or fax it to BFGFCU. Payroll deductions will begin within 30 days.


        Your savings federally insured to at least $100,000 and backed by the full faith and credit of the United States Government. National Credit Union Administration, A U.S. Government Agency
    We Do Business in Accordance With the Federal Fair
    Housing Law and the Equal Credit Opportunity Act.

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