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Conference 7.286::dcu

Title:	DCU
Notice:	1996 BoD Election results in 1004
Moderator:	CPEEDY::BRADLEY

Created:	Sat Feb 07 1987
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	1041
Total number of notes:	18759

257.0. "How to redirect payroll to a real bank?" by PORT::NORDLINGER (DTN 521-3398 Western Region) Sat Aug 10 1991 17:59

    What are the steps for having my payroll deposited to a local 
    bank rather than the DCU? I'm sure at least somewhere in DEC
    I have to fill out a form and likely at whatever bank, but I've
    been procrastinating about it for too long since I don't know 
    where to start and think now is the time....
    
    J

T.R	Title	User	Personal Name	Date	Lines
257.1	253.52	TOOK::ROSENBAUM	Rich Rosenbaum	`Sun Aug 11 1991 00:49`	2
	see note 253.52
257.2	In my case: DCU isn't Direct Deposit	PEACHS::MITCHAM	Andy in Alpharetta (near Atlanta)	`Tue Aug 13 1991 16:40`	17
	For those of you who, as I do, currently have monies being deposited into DCU accounts as well as a local financial institution: Don't be confused (as I was) that the monies deposited into DCU are "direct deposit" -- they aren't. They are "voluntary deductions". Therefore, even if I had >$1000 in my share draft account, I would still be assessed the fee. Something to keep in mind... At any rate, to change what is deposited to DCU, just fill out one of those change deductions cards (whatever they're called). No need to fill out a DDA (Direct Deposit Authorization) form. -Andy (who has been set straight, and is heading straight to a bank) BTW: The people at corporate payroll say that there is currently no provision for making direct deposits to savings accounts though it -may- be implemented in a few months...<sigh>
257.3	direct deposit OR $100 weekly	DEMON3::CLEVELAND	Notes -- Fun or Satanic Cult???	`Wed Aug 14 1991 17:19`	16
	RE: .2 >Don't be confused (as I was) that the monies deposited into DCU are "direct >deposit" -- they aren't. They are "voluntary deductions". Therefore, even >if I had >$1000 in my share draft account, I would still be assessed the fee. >Something to keep in mind... Are you sure about this? The new Schedule of fees says: Direct Deposit* NO FEE and balances >= $1000 *Your Direct deposit or at least $100 of your payroll automatically deposited weekly to your BASIC checking Seems to be pretty clear that "volutary deductions" do count...
257.4	deductions do count	SLOAN::HOM		`Wed Aug 14 1991 18:01`	3
	I checked with the DCU and payroll deductions >$100 do count. Gim
257.5	Re: .3 & .4	PEACHS::MITCHAM	Andy in Alpharetta (near Atlanta)	`Wed Aug 14 1991 19:12`	4
	An oversight on my part. Alas, at least I don't have to go thru the hassle of changing my Direct Deposit. -Andy