NOTICE: Loan Services are only available throughout
the bank's regular service area. Contact the bank for specific information regarding this
FEDERAL CHECK RECIPIENTS WILL BE REQUIRED BY LAW TO RECEIVE CHECKS THROUGH DIRECT
DEPOSITBY JANUARY 1, 1999!
Recently passed Federal legislation will require all Federal checks
(except IRS refund checks) to be issued via electronic funds transfer by January 1, 1999.
This new law is expected to prevent over 100,000 crimes per year and save taxpayers $500
million over the next five years.
The Financial Management Service encourages everyone receiving a Federal
payment to switch to Direct Deposit.
Direct Deposit of your Federal check (paycheck, social security, or
other benefit check) means your funds are automatically deposited into your account.
Direct Deposit of your Federal check is a safer, more reliable, and less
expensive payment method than a traditional printed check. Direct Deposit will help to
eliminate most of the 1.7 million annual inquiries from recipients whose checks have been
lost, stolen, damaged or delayed during delivery. With Direct Deposit, you no longer have
to worry about lost or stolen checks, or Doing to the bank and waiting in line to make
your deposit. Your money will be in your account waiting for you to access it at your
Most people will have the choice of account - checking, savings, or
other that they would like their funds to be deposited into. And there is generally no
charge for the Direct Deposit service for your Federal check.
Please ask one of our experienced professionals for more information on
how to sign up for Direct Deposit of your Federal check.
SIGN UP NOW!
Start taking advantage of the many benefits of Direct Deposit today.