There are two distinct advantages to receiving regular checks by direct deposit.

The first is safety. When your check is deposited automatically into your Senior BofI account, you know it’s there. There is no chance that it will be lost in the mail or stolen from your mailbox.

The second advantage is the convenience. Your money shows up in your account automatically. You don’t need to go to the bank or stand in line, or even find a stamp and envelope and mail it in.

It’s easy to set up Direct Deposit at Senior BofI. You can get the form you need and all the information at our Direct Deposit page. And remember, you can always contact us with questions or concerns.

Labels: direct deposit, senior banking

If you receive checks regularly it only makes sense to have the deposited directly into one of your Senior BofI Accounts.

Direct deposit is safe. You don’t have to worry about a check getting lost in the mail. It’s convenient. You don’t have to make time to go to the bank.

You can have money deposited into your Senior BofI checking, savings, or money market account.

Once you set up direct deposit you can be sure your money will arrive in your account on time, with no hassle.

And it’s easy to set up direct deposit. Just go to our Direct Deposit Page.

Labels: direct deposit, internet banking, senior banking

Getting regular checks direct deposited rather than via paper checks mailed to you is one way to help prevent identity theft. It’s also a way to be sure checks won’t be stolen from your mail box.

But protection isn’t the only reason to go to direct deposit. The truth is, receiving your money by direct deposit is truly convenient.

You know your money will arrive, safely, and on time – no matter what. You don’t have to go to the bank, and at Senior BofI you can quickly confirm your money has been deposited online.

It’s easy to set up a direct deposit account – just go to our Direct Deposit page.

Labels: direct deposit, online banking, senior banking

The U.S. Department of the Treasury and the Federal Reserve Banks are pushing those who receive regular checks from the government to have that money deposited directly as a way to help avoid identity theft according to an article in the March 2007 AARP Bulletin.

The article explains that the Treasure Department found about 57,000 signatures were forged on government checks last year; there were almost no problems with direct deposit during the same period.

In spite of evidence to the contrary, apparently about 40% of the folks who receive regular government checks are under the impression that paper checks are safer. Yet direct deposit almost entirely eliminates stolen checks and the subsequent risk of identity theft, and missed payments.

You can get more information at GoDirect.org.

Labels: direct deposit, online banking, seniors

If you receive a regular check from Social Security or an employer, you may want to take advantage of Senior BofI’s direct deposit. You can have your money automatically deposited in your Senior BofI checking, savings or Money Market account.

The advantages are obvious. You don’t have to worry about getting to the bank to deposit your money and you don’t have to worry that your money will be stolen.

It’s easy to set up a direct deposit – just go to our Direct Deposit page for the right form and details. And if you have any questions at all, please contact us.

Labels: direct deposit, internet banking, senior banking