Direct Deposit

What is Direct Deposit?

Direct Deposit is the electronic transfer of a payment from a company or organization directly into your checking or savings account.. The payment can typically be divided among several different accounts.

The most popular application of Direct Deposit is for payroll, but it can also be used for many other types of payments, including:

• Annuities
• Bonuses and commissions
• Dividend and interest payments
• Pensions
• Travel expense settlements
• Vendor payments
• Tax refunds
• Social Security or other government payment

Bank of Commerce offers the Commerce Expresspay account for our customers that are interested in direct deposit. There is no charge for any preauthorized direct deposits. Check with your local branch if you need help setting up a direct deposit into your account.