2) 12 Digit Account Number Format (These are NOT actual account numbers and are for example purposes only.)
If your account number is 88888800 and you wish to have funds direct deposited to your checking, share ID - “71”
- The MICR Account Number will be 171088888800. If your account number is less than 8 digits, add additional zeros to the front of your account number to make it 12 digits in length, ex. 171000888800.
If your account number is 88888800 and you choose direct deposit to your savings, share ID - “00”.
- The MICR Account Number will be 100088888800. If your account number is less than 8 digits, add additional zeros to the front of your account number to make it 12 digits in length, ex. 100000888800.
Once you have set up Direct Deposit, we can set up Payroll Distributions for you. With Payroll Distributions you can have funds deposited into different accounts each pay period without having to do a thing. The remainder of the funds will be deposited into the account of your choice. Best of all, Payroll Distributions are FREE and can be changed by calling PEFCU at any time!
Never Miss a Loan Payment: A great feature of Payroll Distribution is the option to have your PEFCU loan payments automatically withdrawn from your direct deposit. Imagine never having to worry about missing a loan payment. You can protect your credit score that you’ve worked so hard to build and eliminate the possibility of late fees.
To elect your Payroll Distributions, utilize our secure "Contact Us" in Home Banking or "Messages" in Mobile Banking, call us 1 (800) 226-6673, or stop by any of our Branch Locations.