Starting your first job is exciting! You’re earning your own money and learning new skills. But before you get your first paycheck, it’s important to set up direct deposit. This is the fastest, safest, and easiest way to get paid.

What Is Direct Deposit?

Direct deposit is when your employer sends your paycheck electronically to your bank account instead of giving you a paper check. This means you don’t have to pick up a check, go to the bank, or wait for your money to clear.

Why Should You Use Direct Deposit?

Setting up direct deposit for your first job has many benefits. Here’s why it’s a smart choice:

1. Get Paid Faster

With direct deposit, your paycheck is available immediately on payday. There’s no waiting for a check to clear.

2. Keep Your Money Safe

Paper checks can be lost or stolen. Direct deposit sends your money securely into your account.

3. Build Smart Money Habits

Many banks and credit unions let you split your deposit between checking and savings. You can automatically save part of your paycheck without even thinking about it when you set up automatic transfers in online banking.

4. It’s More Convenient

Whether you work weekends or after school, direct deposit means you don’t have to stop by the bank. Your money is already where you need it.

How to Set It Up

Setting up direct deposit is easy. Here’s what you need:

Your bank account information – This includes your account and routing number. You can find these on a check or your membership card.
A direct deposit form – Your employer will provide this form. If not, ask your bank or credit union.
A voided check (if required) – Some employers ask for a voided check to confirm your account details.

Once you submit your direct deposit form, your employer will process it. After that, your paycheck will go straight into your account!

Start Using Direct Deposit Today

If you’re starting your first job, now is the best time to set up direct deposit. It’s fast, safe, and helps you manage your money easily.

Looking for a great place to set up direct deposit? Velocity Community Credit Union makes it easy! Open an account today and take control of your paycheck.