Ready to start enjoying the convenience of direct deposit? SEFCU makes it easy to sign up! Here’s how:
1. Open an account with SEFCU.
2. Go to the SEFCU Payroll Deduction Form.
3. Sign the top portion of this form,* which is a formal agreement between your employer and you, and send it to your employer.
4. Complete the bottom portion of the form to let SEFCU know how you want your money deposited. For example, you might want $100.00 of each paycheck deposited to savings, $50.00 toward a loan payment and the rest put in your free checking account. Drop off this portion of the form at any SEFCU branch, or mail it to SEFCU Deposit Servicing, Patroon Creek Corporate Center, 700 Patroon Creek Blvd, Albany, NY 12206-1067.
5. Instead of a paycheck, you will receive a paystub. The stub will list the amount of payroll funds transmitted to your SEFCU account.
*Some companies have their own Direct Deposit forms. These include:
• NYS Direct Deposit Form
• NYS Retirement System Form
• Peter Harris Clothes, Inc
• Priceless Kids
• Huck Finn Clothes, Inc
• PHC Distribution Co Inc
• Rensselaer County
• NYS Dormitory Authority