A direct deposit is any payment you receive from an organization directly into your account. These could include direct deposits of payroll, from the government (Social Security, Disability, etc.) and dividend deposits from investment accounts.
A regular, ongoing payment that is initiated externally to your bank account, such as a monthly insurance bill, utility payment or automobile loan payment.
Yes! ClickSWITCH® uses the latest in online encryption protection to gather and store your switch information. Additionally, ClickSWITCH® facilities adhere to the highest industry standards with regard to the security of your personal information.
ClickSWITCH® removes the hassle of contacting all of your depositors and billers to inform them of your new account information. You input your deposit and payment information to the secure ClickSWITCH® system, submit the switch and ClickSWITCH® does the rest. You can monitor progress of your switches by clicking on the “View Existing Switches” on the home screen of the ClickSWITCH® dashboard.
You can easily submit additional switches any time! Simply log in to your secure ClickSWITCH® account and click the correct tab in your dashboard.
Reviewing a previous statement is a great source of information for the direct deposits and automatic payments tied to an account and will help you get your switches started.
Once a company receives the form, direct deposit and automatic payment switches typically take 1-2 pay cycles. Since the timeframe depends on the company receiving the switch request, it’s always a good idea to review your switch status page in the secure ClickSWITCH® portal for the most current information regarding each switch and to continue monitoring your accounts. Timing for each switch can vary depending on the type of deposit or payment, the depositor or biller and the method needed to switch the deposit or payment.