Direct Deposit

Saving money is a bit like exercising regularly: We all know it's good for us, but we may not do it as consistently as we should. In fact, according to the Department of Commerce, Americans' personal saving rate hovered around negative 1 percent in 2006, the lowest level since the Great Depression.

If you are having trouble saving money, direct deposit may help make it easier for you to boost your savings balance. Direct deposit is the electronic transfer of your paycheck, pension check, Social Security check or any portion of such check, or other payment into any of your Power Financial accounts. A recent survey found that people using direct deposit saved an average of $390 per month, 30 percent more than those who make savings deposits manually. The most likely reason direct depositors save more is because saving is automatic. You’ll save time and receive immediate access to your funds through this free service. Direct Deposit eliminates the need for you to wait in line to cash your checks or to pay check-cashing fees. It’s completely convenient, secure, and reliable. By completing a simple enrollment form with your employer, you can enjoy the convenience of having Direct Deposit payments into your Power Financial accounts. And, if your account earns interest, you don't have to wait for a check to clear. Direct deposits are in your account and earning interest immediately.

Power Financial's Routing and Transit Number is 266080204