Setting Up Direct Deposit

Here's how to set up recurring direct deposits to your member accounts in Amplify Credit Union online banking.

Written By Matthew Monagle (Member Support)

Updated at September 30th, 2021

When it comes to receiving payments, nothing beats a direct deposit. Setting up a direct deposit between your employer and your Amplify Credit Union accounts can be the perfect way to receive paychecks quickly and safely. In this section, we'll answer some of the big questions for those looking to make the switch with their employers.

Key Takeaways:

  • You can set up a direct deposit in online banking using the Amplify routing number (314977227) and your individual account number.
  • If your employer does not offer direct deposit, complete the Amplify Credit Union Direct Deposit Agreement Form and submit it to your current human resources or people team.

What Is Direct Deposit?

Direct deposits are electronic payments between bank accounts. Most of the time, these deposits are used to transmit paychecks directly into the checking or savings accounts of employees.

Are Direct Deposits Safe?

Direct deposits are an incredibly safe way to receive payments. In the unlikely event that a check is misplaced, whoever locates that check would have access to your deposit information. This can include your name, mailing address, and even employee-specific details noted on the payment (such as your employee identification number). Furthermore, direct deposits provide both the sender and the recipient with a record of the transaction. This removes the added uncertainty of sending a check through the mail.

Are Direct Deposits Fast?

Mailed payments may take several days to reach your address of record. If there are errors or discrepancies with the payment - if the check is written in the wrong amount or to the wrong individual - what should be a simple deposit can take a week or even more to process. This can also ensure that your paycheck is deposited on a consistent day and date of each month, making it easier for you to prepare your monthly budget.

How Do I Set Up a Direct Deposit?

In most circumstances, your employer will provide you with a form or ask you for your bank account information directly. You will need to provide them with your account number and Amplify's routing number to have your paycheck deposited into your account. The routing number for Amplify Credit Union is 314977227 while your individual account numbers can be located in online banking and/or your e-statements.

It's also important to remember that these deposits are processed using the Automated Clearing House (ACH) network, which does not process on weekends or holidays. To learn more about your company's payroll schedule, talk to your human resources department about their operating hours and holidays.

Where Can I See Incoming Direct Deposits?

Once we receive notification of an incoming direct deposit, the transaction will appear as a pending credit at the top of your account’s transaction history viewable in online banking. Pending deposits will not be treated as available funds until they are posted to your account. You can view the scheduled posting date - which is determined by your employer or payer - by clicking on that line item in the transaction history field. Please note that the amount and date can be modified by the sender while pending.

Can Direct Deposits Be Split Across Multiple Accounts?

This depends on the payment options made available by your employer. Contact your current payroll team to learn more about your current direct deposit options.

What If My Employer Does Not Have Direct Deposit Paperwork?

In the rare case that your employer does not provide the necessary paperwork, you can supply your paperwork using the Amplify Credit Union Direct Deposit Agreement Form. To make this process as smooth as possible, we have provided our institution name and routing number in the attached PDF. Click on the image below to download the form.

Do Social Security Benefits Require Direct Deposits?

On March 1, 2013, a new law was passed that requires all social security or supplemental security benefits to be handled via direct deposits. For more information on Social Security direct deposits, visit the U.S. Department of Treasury Go Direct website or call the helpline at 1-800-333-1795

Was this article helpful?

Still have a question? Contact Us