Easy transfers between accounts
Save Time, Money, and Hassle
Save time, money, and hassle every month using Provident's remote transfers and deposits, including services that can move your money automatically between accounts.
Direct Deposit and Payroll Deduction
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.
Set-up direct deposit
If you are receiving a periodic federal check (such as monthly Social Security benefits), you can apply online for direct deposit through Go Direct, a U.S. Government web site.
External Account Online Transfers
Easily make transfers between accounts you own at most other financial institutions and your Provident loan, checking, savings, and other accounts.018 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 & Payments 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.
Coming Soon - External Account Transfer Enhancements
We're making enhancements to our external transfer service that will give you more flexibility and control over your money. You'll be able to transfer money with greater speed, ease, and convenience. With our enhanced external transfer service, users will have the option to verify their accounts immediately by entering their login credentials (user ID and password) from their other financial institution.204
How does this impact me?
This enhancement will affect consumer accounts only. Business accounts will not be impacted. This enhancement will relocate where you complete and set up your external transfers within online and mobile banking. Once updated, you can access this service from the main menu under "Transfers" > "External Transfers."
If you have external transfers or automatic payments already set up in online banking, you will need to do the following once we go live with these updates.
- Re-add any external accounts you currently have set up
- Reschedule any existing/recurring transfers or payments you have set up
Our current external transfer service will be available for a few months after we go live with our update, giving you the time you need to re-add your accounts and reschedule your transfers and payments.
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. Members can schedule automatic transfers from within online banking by visiting the Transfers & Payments page.
Once completed and signed these forms can be mailed to:
Provident Credit Union
Attn.: Account Services
303 Twin Dolphin Drive
Redwood City, CA 94065-1409
Or, bring your completed forms to any Provident Community Branch. You may also fax your completed forms to (650) 508-0619
018) 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.
204) In some cases, verification of external accounts using credentials may not be available and Provident will instead send two (2) small trial deposits to be verified.