Simplify your Finances with Direct Deposit & Payroll Deduction
Direct Deposit:
Direct deposit is a convenient way to have your paycheck deposited directly into your CTECU account without the hassle of having to deposit it in person. Eliminate the risk of lost or stolen checks and ensures that your funds are available on time. Plus, you can easily set up recurring transfers to your savings account to help you reach your financial goals. With direct deposit, you can even access your paycheck early with Instant Deposit1 if available.
Payroll Deduction
Payroll Deduction2 is another great feature offered at CTECU, which allows you to automatically allocate a portion of your paycheck to various accounts, such as checking, savings, loans, or even to a separate baking institution. This helps you save time and effort in managing your finances, while also ensuring that you consistently contribute to your savings and other financial obligations
With Direct Deposit and Payroll Deduction, you can save time, avoid fees associated with paper checks, and have peace of mind knowing that your funds are secure and readily available. It’s a win-win situation for you and the credit union.
Don’t miss out on the benefits of Direct Deposit and Payroll Deduction. Talk to a CTECU representative today to learn more about how these features can benefit you and help you achieve your financial goals.
1 Instant Deposit is an added service and you will be charged each time you use the service (see our Fee Schedule for the latest on the fee). This is an optional service and your direct deposit is always free of charge by waiting until the settlement date.
2 Not all employers participate in Payroll Deduction. If your employer does not participate, the Credit Union can still set up an ACH to pull the money from another account. Speak with a Member Service Representative if you have questions.