Direct Deposit
Direct Deposit – the fastest, safest and most convenient way to deposit your paycheck, pension benefit or government check into your 1st Mississippi account. No more rushing around on your lunch hour or after work. On the morning your check would normally be ready for pickup or delivery, it's already in your account.
- Deposit all or a portion of your check into your checking or share account, or automatically make a loan payment. You should continue to receive a payment stub verifying the amount and date of your electronic deposit.
- Use 1st Mississippi's Online Banking to verify deposits at any time.
To sign up for Direct Deposit through your employer, or have your government or pension checks deposited electronically, just provide them with our ABA routing number and your exact account number. View Details
| HOW PAPER CHECKS AND DIRECT DEPOSIT STACK UP | ||
|---|---|---|
| PAPER CHECK | DIRECT DEPOSIT | |
| Timeliness | Pick-up check and go to credit union | Instant electronic transmission |
| Fill in deposit slip and wait in line | Pay stub provides your receipt | |
| Efficiency | Funds not available until the check is deposited. | Funds available immediately |
| Not earning interest until deposited | Earning interest immediately | |
| Vacation and out-of-town deposits need to be arranged or delayed. | Money transmitted to your account a usual. Pay bills and write checks on the road. | |
| Safety & Security. | Paper checks get lost or stolen | No check to lose |
| Check could be unsigned | No signature needed | |
| Check could be forged | No check, no fraud | |
| Manual deposit can result in errors. | Direct deposit has outstanding accuracy record. | |