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1Monthly account fee waived if any of the following apply: Direct Deposit Average daily balance aggregate on shares and loans is at least $100 Super Sammy Saver, Teen Scene, or EDGE Account Any Checking

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What is direct deposit?

Direct deposit is a method of electronic funds transfer that allows for the direct deposit of wages or benefits into a bank account.

Who is required to file direct deposit?

Employers are typically required to offer direct deposit as a payment option to their employees, but it is not mandatory for employees to use it.

How to fill out direct deposit?

To set up direct deposit, individuals typically need to provide their employer with their bank account number and routing number. The employer will then initiate the direct deposit process.

What is the purpose of direct deposit?

The purpose of direct deposit is to provide a convenient and efficient way for individuals to receive their wages or benefits without the need to physically pick up a check.

What information must be reported on direct deposit?

The information reported on a direct deposit includes the amount of funds transferred, the date of the transfer, and the account details of the sender and recipient.

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