DIRECT DEPOSIT
With Direct Deposit, your money is in your account ON payday!!! Whether you're on vacation, sick or traveling out of town on business, your pay will automatically be deposited and available for your use.
If you receive any of the following type checks this service is right for you:
- Birmingham or W. Bloomfield Schools payroll
- Social Security
- Armed Forces
- Michigan Schools Employees Retirement
- US Government Retirement
*Also, any of our payroll companies that offer their net pay can take advantage of this service
FEATURES
- No Fees
- No standing in a teller line to deposit the check
- No risk - your money is safe in your BBCU account
- If you're away from home for a period of time, you can rest assured that the checks will not be sitting in you mailbox
- You will still receive a pay stub
- You will receive a monthly statement which shows your account being credited
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DIRECT DEPOSIT FAQ'S
WHAT IS DIRECT DEPOSIT?
Direct deposit is the process of automatically transferring your pay via a electronic payment system called Automated Clearing House (ACH) Network into your account(s) at your financial institution. Also, the ACH Network is used by the Federal Government to distribute Social Security payments to beneficiaries that are on the Direct Deposit Program. Direct Deposit is a proven method of payment that eliminates the need for paper payroll checks.
HOW DOES DIRECT DEPOSIT WORK?
First, you authorize your employer to establish Direct Deposit of payroll. As payday nears, the employer electronically forwards information regarding your earning's to its primary financial institution, through the Automated Clearing House (ACH). The ACH then forwards the payment data to the your financial institution. The amount of the pay is automatically deposited into the employee's account(s) on payday.
HOW DO YOU KEEP FINANCIAL RECORDS FOR YOUR EARNINGS?
On payday, the you will receive a pay stub that lists gross pay, deductions, net pay, etc. The pay stub serves as notice of deposit. Also, the amount of Direct Deposit will appear on your statement from Birmingham Bloomfield Credit Union.
HOW LONG DOES IT TAKE FOR DIRECT DEPOSIT TO BEGIN AFTER FORMS ARE SUBMITTED TO THE PAYROLL DEPARTMENT?
The initial start-up program will require you to complete the necessary forms and return them to your payroll department, you should contact your employer's payroll department for more specific time frames.
DOES BIRMINGHAM BLOOMFIELD CREDIT UNION PARTICIPATE IN DIRECT DEPOSIT?
Yes. We are a member of the ACH Network and can accept any members Direct Deposit of payroll and Social Security payments.
WHAT BIRMINGHAM BLOOMFIELD CREDIT UNION ACCOUNT NUMBER DO I NEED TO GIVE TO MY EMPLOYER?
- You need only provide your employer with your account number followed by the number 1 at the end of it.
- Indicate whether you want it to go to checking or savings.
- BBCU's routing # 272477199
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ATMs
Whether you need 24 hour, 7 days a week access to your accounts or don't have time to make it to the credit union, our ATM card is just what you are looking for. Enjoy the convenience and speed with no need to stand in line.
FEATURES:
- Make deposits
- Withdraw cash
- Transfer funds
- Balance inquires
- Use your BBCU ATM card at many locations (local, outstate, out of the country)
- 5 free withdrawals per month - BBCU ATM always FREE!
- NO SURCHARGE at SC24 ATMs
*Some ATMs (owned by other financial institutions) are surcharging at the time of the transaction
NOTE: Access your accounts at any ATM displaying the following networks:
NYCE, CIRRUS, SC24, MAC, MEMBER ACCESS
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DEBIT CARD
It works like a check, except there’s no check to write. Simply present your card, sign the sales slip, and go! There are no hassles or interest to pay. Your purchase is automatically deducted from your credit union checking account.
You can also use it as an ATM Card to transfer funds between accounts, verify account balances and withdrawal cash from more locations worldwide than an ordinary ATM Card. It’s accepted wherever you see a Mastercard symbol.
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LOST/STOLEN DEBIT OR ATM CARD
If you believe your card has been lost, stolen or compromised, immediately call (248) 647-5958. Your card will be stopped from being used.
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VIRTUAL BRANCH
Virtual Branch is the credit union’s Online Banking service. You can access your accounts from the convenience of your own home or on the road 24 hours a day. It is easy, fast, secure, and it’s Free. You can review balances, account history, make transfers, and schedule recurring transfers.
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