What is direct deposit?
Direct deposit is the process of authorizing the automatic deposit of your entire net paycheck (after allocations) into a savings or checking account.
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What is payroll deduction?
Payroll deduction is a way to deposit a specific amount from your payroll check each pay period automatically into a specified savings or checking account. You can also use this method for loan payments.
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How can I sign up for Direct Deposit?
Complete a direct deposit form available at the credit union office or your payroll department.
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How long does it take for Payroll Deduction?
It normally takes Honda one or two pay periods to complete the set-up.
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Can I cancel at anytime? How?
Yes, you may cancel direct deposit and/or payroll deduction at anytime. Call or stop by one of our offices or your payroll department. This process is immediate so by the following payroll the cancellation will be in effect.
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When is my direct deposit in my account?
The greatest benefit of direct deposit is that funds are available the morning of payday without your having to come to the credit union office.
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How long does it take for my Honda paycheck to be directly deposited?
It normally takes Honda three pay periods to complete set up.
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How do I know how much was deposited into my account?
Your pay stub will tell you the amount of your payroll deductions sent to the credit union and the amount of your net pay. That net pay amount is the amount that has been direct deposited.
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How do I set up my payroll deduction?
Complete a payroll deduction form available at the credit union office.
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What if I don't work for Honda? Can I still get my paycheck direct deposited?
Yes, if your employer's payroll department offers the option of direct deposit. Your payroll department probably has their own direct deposit sign-up form they will need you to complete to begin the process. Check with your employer. They will need your Honda FCU account number, found at the bottom of your checks, and our ABA or routing number which is 322275746.
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Who do I contact if my direct deposit does not get posted when it should?
Contact your payroll department.
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How many accounts can I payroll deduct to?
If the accounts are with Honda FCU, you can have as many as you like.
If at another institution you can deposit to 2 savings accounts and 1 checking.
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Can I set up my installment loan payment as a payroll deduction?
Yes. We can set up payroll deduction loan payments from your Honda paycheck. Feel free to speak to a member of our staff for further details.
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