According to Larry and Ted, members can use the digital feature to instantly and easily switch their direct deposits themselves, without filling out a PDF form or contacting Human Resources. The new functionality comes courtesy of a partnership with Atomic Financial, builder of payroll APIs for the fintech and financial services ecosystem.
Ted adds that all members need to do is select either their employer or their payroll provider to switch their direct deposits in seconds. This new direct deposit automatic switching feature is just one more example of how credit unions can turn account openers into engaged and profitable relationships.
Check it out and let us know your thoughts. And be sure to watch the entire eepisode below for all the details.
Mike Lawson, Host
Married to a beautiful and wonderful wife, raising 5 kiddos (including twins!), enjoy helping others tell their stories, and love surfing SoCal waves. Keep it simple.