Direct
Deposit
What makes Direct Deposit so Good?
It's Convenient - Just think! With Direct Deposit, you
will no longer stand in line to cash your check, your money goes directly into your account, you will not
have to leave your house in bad weather or worry if you're on
vacation or away from home. You will receive a monthly statement
mailed to your address or sent to you by email. You won't have to pay any check cashing fees to cash your checks. You will have your money available at
the opening of business on the scheduled payment day. If you have
an interest-bearing account, you’ll begin earning interest on your
money immediately.
It's Reliable - Your money will always
be in the account you specify, even if you are out of town or ill. You may have your
money deposited into any financial institution throughout the United States and Puerto Rico, whether it's
a bank, credit union or financial brokerage
firm.
It's
Safe - By signing up for Direct Deposit you are assured that your money will be deposited directly into your financial institution, on time
every month. Your money goes directly into the bank in the form of
an
electronic transfer, so there is no risk of your check being lost or
stolen.
It's Easy - Just complete the
Retirees Authorization for Electronic Deposit of Retirement Checks Form and
submit it today.
It's
Quick - You can receive an application from your financial
institution or use the one on the back of this page. Once your
application has been received and processed a correspondence will be sent
to your mailing address notifying you when your direct deposit will
begin. Your benefit will go automatically into your account every month.
And you'll have more time to do the things you enjoy!
It's
Free - There's no charge for this service, and some financial
institutions even offer incentives like "free checking", etc. if you have your money
directly deposited into your account with them.
***Direct Deposit is now required for all new
retirement,
survivor, and disability payments.***
How To Sign Up For Direct
Deposit?
If you are currently receiving a check, you can sign up for
direct deposit by downloading the Retirees Direct Deposit Application form, fill it out, and return it to WCERS
today!
Receive your Direct Deposit Statements by
email
Retirees who wish to receive their monthly direct deposit
statements to their email account should complete the authorization form and mail it to our office. All statements
are password protected for the security purposes.
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