Deposit Information

Banking is made Easy With Direct Deposit

It's So Simple

Direct deposit is the fast, easy way to receive your pay. It enables your employer to electronically send the funds directly to your financial institution, where they are deposited into the account(s) you specify. It's available to anyone whose employer participates in the program; and it's offered by most financial institutions. By making simple arrangements and completing the necessary forms, your money can be safely deposited to your account.

What's more, direct deposit is convenient. You won't have to rush to the bank before it closes to cash your paycheck.

What Qualifies For Direct Deposit?

In addition to employer paychecks, direct deposit can be used for many periodic payments. Social Security Income, Supplemental Security income, Civil Service Retirement Income, Veterans Administration Compensation and Pension, and Armed Forces and Federal salaries are all examples of the types of income that can be directly deposited to your account.

Additionally, you can get direct deposit of certain types of interest, such as interest from earnings on savings account or certificates.

Benefits

When you set up direct deposit at Dollar Bank, you'll benefit in several ways:
  • Safety
    More than four million paper checks are lost or stolen each year, with Social Security checks stolen most often. When you use direct deposit your funds won't be stolen, misplaced, or lost because they are electronically transferred to your account, eliminating the need for a paper check.
  • Faster Access to Funds
    Your funds are in your account on the morning of deposit. You can use your money right away so there's no need to wait until you can get to the bank. And there is no waiting for the check to clear.
  • Freedom to Travel
    Direct deposit allows you to travel, confident that your funds will be deposited; you don't have to be home to receive them. You'll have peace of mind knowing that checks will not sit unprotected in your mail box.
  • Convenience
    You'll no longer have to make special trips to the bank or wait in long lines on payday to deposit your check. You may also save time, gas and parking fees.
  • Ease of Verification
    Verification of a deposit is simple. If you have a question about your direct deposit, call us or log into your account using NetBanking, Dollar Bank's online banking service.
    Within minutes, you can obtain the amounts deposited into your account(s) as well as the day on which they were deposited. Just call Dollar Bank's Telephone Banking department at (216) 736-8891 or ask your Dollar Bank representative for details on NetBanking.

Sign Up For Direct Deposit Today

Having funds directly deposited to your checking or savings account at Dollar Bank is easy. Your employer can provide you with the details and the forms you'll need to start direct deposit. To have your pay deposited to a Dollar Bank account, you'll need to provide your employer with Dollar Bank's routing number. The number is 243074385.

The information presented in this publication is general in nature; it is not our intention to provide specific advice to individuals or a comprehensive discussion of the subject matter. We suggest that you consult with your financial or tax advisor, accountant or attorney to obtain specific advice or comprehensive information.
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