Business Direct Deposit
- Business Direct Deposit
Let Infinity Federal Credit Union (FCU) put an end to the payday runaround with Direct Deposit. Each payday your employees' entire paycheck, less their usual deductions, can be sent by you electronically directly in to accounts they establish with Infinity FCU. Your employees get immediate access to their money.
Businesses that enroll 5 or more employees in net pay direct deposit, will be eligible for rate reductions on a Working Capital Line of Credit. Earn up to 1.00%APR* discount down to the current prime rate.
Benefits for YOUR EMPLOYEES:
- Sign-On Bonus of 2,500 UChoose Reward Points ($25.00 value)
- Direct Deposit lets your employees begin earning dividends as quickly as possible
- Safe, quick, and convenient, they'll save time and avoid waiting in teller or ATM lines.
- With Direct Deposit there are no lost checks
Benefits for YOUR BUSINESS:
- Improved internal control by not handling negotiable checks
- Increased efficiency by not having to perform the check-signing process
- A less expensive paper stock can be used for direct deposit notifications than for paychecks
- Your business account reconciliations are simplified because there are no outstanding payroll checks that have not cleared the bank.
- LOAN DISCOUNT: You can earn a 1.00%APR Discount on your business' loan for every employee enrolled, down to the current Prime Rate
Enroll your Employees today:
- Employees become members of Infinity FCU by opening a Share Account with a $5 deposit at any of our four convenient branches.
- Employees open a checking account
- Employees set up Direct Deposit using ClickSWITCH. Switching checking accounts has never been easier. They can easily move recurring payments and direct deposits to the new account - all with the click of a mouse. With ClickSWITCH, account information is transferred instantly. It's fully automated, convenient and takes less than 10 minutes.
For more information, or to speak with a Business Service Representative, call 207-854-6000 ext. 4140