Save time, money, and hassle every month using Provident's automated deposit services. Funds can be transferred automatically from either your paycheck, another Provident account, or an account at another financial institution.
Need to wire funds? Click here.
To see which method is right for you, click on one of the following headings, or consult our Transfer Types Comparison Chart:
Enjoy the safety and convenience of having your paychecks deposited automatically with Direct Deposit. Avoid teller lines on busy paydays by having the funds delivered directly from your employer into your Provident Credit Union account. You'll receive hassle-free access to your paycheck on the day it is paid, even if you're nowhere near a branch or ATM. If for some reason you don't want the entire paycheck deposited into your Provident Credit Union accounts, use Payroll Deduction to automatically deposit just a portion of each paycheck. Either way, get started now by completing a short form.
Pay Yourself First! How to Turn $100 into $27,000
It's easy when you "pay yourself first" with payroll deduction.
|Twice Monthly deposit||1 year||3 years||5 years||10 years|
Estimate based on 2.71% Annual Percentage Yield (APY); dividends posted quarterly; assumes 6 automatic deposits posted per quarter (twice monthly for three months) in time to qualify for dividend. APY is for example only; actual APY depends on type of account and is subject to change. See current rates online.
Easily make transfers between accounts you own at most other financial institutions and your Provident loan, checking, savings, and other accounts.* Manage all of your accounts in one location with the ability to set-up manual or recurring transfers. And most importantly it's free!
To add your external account, go to the Transfers page within online banking and then to "Manage External Accounts." From there you can add accounts from banks, credit unions, or investment institutions. Once you have verified the amounts of a couple of small deposits we'll make to these accounts, you'll be able to transfer from or to these accounts at no extra charge.
Your membership must be opened for 30 days to be eligible for this service.
* This type of transfer is not immediate. Please schedule your transfer for at least three days before you need the funds to arrive at Provident.
Have funds transferred automatically to your Provident Credit Union accounts from any of your other accounts in Provident or elsewhere. Whether you are taking advantage of Provident's Direct Deposit, or you have active accounts at other financial institutions, Automatic Transfer can help you automatically allocate funds into your various Provident Credit Union accounts. Use it to stick to a safe investment plan, and watch your savings grow. By automating your savings deposits, you'll help ensure your future earnings. It's also a good way to avoid late payments and fees when you automate payments to your loans, helping you to maintain a good credit history.
Once you set up Automatic Transfer, Provident will automatically transfer funds according to the schedule you chose. It's easy to set up, and easy to change as your plans and priorities change. Just complete and return the short form [PDF].
Automatic payments and deposits which are made from one Provident Credit Union account to another (of the same member) are also called "Automatic Transfer".
To apply for Direct Deposit, Payroll Deduction, or Automatic Transfer, complete an Application Form that you can print out and mail to us or bring to a Provident Credit Union Branch. To receive an application by mail, call (800) 632-4600 or send an e-mail to one of our friendly Member Support Representatives.
For online transfers, you just need to be enrolled in online banking, and external accounts must be added and verified there before using.