This is an easy, painless way to pay yourself first and add funds systematically to your savings account.
Money is deducted from your payroll check each payday in the amount you specify. The employer handles the transaction automatically and deposits the funds directly to your account. Your money will be in your account no matter where you are on payday. This way, you don’t have to worry about putting money into your savings, because it’s already done for you!
Note: When a payroll deduction is made, our system bases it on a number assigned to your employer. Because of this, any deposit made by your employer will be subject to the payroll deduction you set up (including non-recurring deposits, like bonuses or reimbursements). Similarly, if your employer’s number changes, the deduction will cease and you will need to update the number with a BFCU employee for it to resume.