Direct Deposit FAQs

What is Direct Deposit?

  • Direct Deposit is an electronic payment deposited directly to your checking or savings accounts.

Do I need to have a checking account to use Direct Deposit?

  • No. Your money can be deposited into any account you specify, or be distributed among different accounts.

Can I divide my pay among different financial institutions if I use Direct Deposit?

  • With Direct Deposit, you may have the option of splitting the deposit. Check with your employer or the company issuing your payment for more information.  If all funds are coming to Ohio Catholic, we will be able to assist you in splitting up the funds among your credit union accounts. 

When can I withdraw money from payments deposited to my account using Direct Deposit?

  • Your money is generally available to you immediately upon deposit.

What if my pay date falls on a holiday?

  • If your pay date falls on a holiday or other dates when financial institutions are closed, your money usually will be available on the day before your scheduled pay date. (Check with employer.)

How will I know when my payment has been deposited using Direct Deposit? How much money in taxes and deductions is withheld from my pay?

  • Most companies issue a dated payment stub that is identical to what you receive with a paper check. This stub shows how much was deposited into your account, the date of the deposit, and an itemized list of tax, insurance, and other deductions.

Smart Money Tip – Utilize CU*TALK, OCFCU’s touch tone teller system, or It’s Me 247, OCFCU’s online banking system, to confirm the amount and date your direct deposit was made.

I don’t want the joint owner of my checking account to know how much money I make. How can I participate in Direct Deposit?

  • The best way to keep transactions confidential from a joint account holder is to open another individual account. Depending on the company’s policy, you may be able to split your deposits among multiple financial institutions. Check with your employer or the company issuing your payment for more information.

What should I do if I change financial institutions?

  • You will need to provide your new account information to your employer or the company or agency issuing your payment. You may also need to complete a new authorization form. Be sure to leave the old account open until the first Direct Deposit transaction appears in your new account.

What if I want to cancel my Direct Deposit?

  • You will need to contact the company that is sending you the Direct Deposit.

Getting Started with Payroll Direct Deposit

How do I sign up for Direct Deposit?

  • If your company offers Direct Deposit, they can provide you with an authorization form.

Why did my employer ask for a voided check when I signed up for Direct Deposit?

  • The company uses the financial institution identification number (also known as a routing transit number) as well as the account number that appear on checks to set up the Direct Deposit. The voided check is a way to make sure the information is correct. If funds are being deposited to a savings account, a recent statement may need to be provided upon enrollment.

Does Direct Deposit cost me any money?

  • No. Direct Deposit should not cost you anything.

Getting Started with Go Direct Deposit Plan

How do I sign up for Direct Deposit?

  • If you receive Social Security, Supplemental Security Income, Veterans, Railroad Retirement or Civil Service Benefits from the US government you can sign-up for Direct Deposit by calling or by stopping by any OCFCU branch or Social Security Administration office calling 800-333-1795 or visiting www.GoDirect.org.

To enroll your federal benefit payment you must have the following information for each payment you wish to enroll. Separate enrollment forms are needed for each payment you are signing up.

  • Benefit recipient’s Social Security Number
  • Claim number or the 12-digit check number of your last federal benefit check
  • Spelling of names and address information as they appear on the federal benefit check
  • Payment amount of the benefit recipient’s last federal benefit checks
  • Ohio Catholic FCU’s routing number – 2410-7887-5
  • Credit union where you want your funds deposited

ONLINE
www.GoDirect.org This option is open 24 a day, 7 days a week.

PHONE
Call the Go Direct helpline – Mon – Fri 8 a.m. to 8 p.m. ET (excluding federal holidays) toll free!
800-333-1795 (English)
800-333-1792 (Spanish)

BY MAIL
If you are a resident of the United States (or a U.S. territory), download and print out the quick and easy FMS FORM 1200 to enroll.

Mail the completed form to:
Go Direct Processing Center
U.S. Department of the Treasury MS/GDW
PO Box 650527
Dallas, TX 75265-0527

Related