NET PAY & PAYROLL DEDUCTION


Direct Deposit of net pay or a payroll deduction is one of the easiest, most convenient ways to deposit funds into the Credit Union. When you use a Direct Deposit option from your payroll, retirement, pension or other funds, you simplify your life. No more trips to deposit, cash or transfer funds. Those funds can be deposited automatically and the proceeds distributed as you want. With most employers, you have the option of either having your entire net paycheck or a pre-selected dollar amount automatically deposited into your Kentucky Telco Account. You can also generally have pension, retirement, government, social security and IRS Direct Deposited. By completing a distribution form, the accounts you wish to receive credit for are automatically funded.

Net Pay & Payroll Deduction features include:

ACH electronic transfer of funds option, completed and available on payday

Automatic distribution to designated accounts can be selected

You can select designated dollar amount, per pay period, or your entire payroll (Net Pay)

Deposited funds are federally insured

Convenience: Eliminate trips to cash payroll check or deposit funds

Safety: No fear of losing a check

You have instant access to deposits: No holds placed on deposits

Funds available via Teller, check, ATM or MAX24

Find out how simple, convenient and hassle free your life can be with a Direct Deposit to your Kentucky Telco Account.

Call our Member Services Department at (502) 459-3000 or (800) 292-9490 or e-mail us at mbrsrvcs@kytelco.com.