What is Direct Deposit? How to Set It Up Within Your Payactiv Account

Direct deposit is when money moves electronically into your bank account rather than through a physical, paper check. Direct deposit allows employers to transfer a paycheck from their company bank account to an employee’s bank account. According to DirectDeposit.org, “Direct Deposit is the way 96% of American workers get paid, and 95% of workers are very satisfied with it.” 

Most businesses use direct deposit and it’s always free for employees. Once you sign up for direct deposit, your paycheck will show up on your account every payday. With direct deposit, you receive your paycheck automatically, so it’s faster and more convenient than cashing a check every payday. Paying bills with cash can be challenging when much of the world does business online. Direct deposit makes it easy to pay bills, use connected payment cards, and set money aside for the future.  

With direct deposit, you can choose which bank account to send your paycheck to. When you set up direct deposit to the Payactiv Visa® Card*, you can get paid up to two days early1, get cash at more than 37,000 surcharge-free MoneyPass® ATMs. Additionally, Murphy USA gas station rewards Payactiv members with 50 Murphy Drive Rewards points every payday. 

The Payactiv Visa Card has lots of other cool features that make it a great place to keep your money. Pay bills in the Payactiv app, and use SmartSpend to know how much is safe to spend. The Payactiv Visa Card includes automatic goal-based saving features to help you put money aside automatically on whatever schedule you choose.

How to Set Up Direct Deposit at Payactiv

Using the Payactiv Visa Card for direct deposit is the best way to access some of the most popular Payactiv app features. Here are two easy ways you can set it up:

Finding your Direct Deposit Information in the Payactiv app¹

1. After registering, enter your username and password to log into Payactiv’s mobile app or website. 
2. Tap on the Card icon in the bottom menu. 
3. On the Card page, tap on the three dots in the top right corner of the screen. That action will reveal your account and routing numbers. 
4. Using this information, you can either: 
   1. Click the Direct deposit menu, then choose the “Email me the complete form” button, which you’ll need to send to your employer’s payroll department. 
   2. Copy the account and routing numbers to fill out later on a form provided by your employer’s payroll department. 

Fill out the Direct Deposit form Accompanying the Payactiv Visa Card

1. Your Payactiv card will come attached to a direct deposit slip containing your account and routing numbers. 
2. Fill out the rest of the form. Choose how much of your paycheck you’d like to deposit, date, and sign the form. 
3. Detach the form and give it to your employer’s payroll department.  

Direct Deposit is the Best Way to Get Paid

Direct deposit has many benefits. It doesn’t cost you anything, it’s easy to set up, and extremely safe to use. Payactiv goes even further, get paid money up to two days faster than their usual payday. Track spending habits, set aside money, and build better money habits. 

Happy depositing!

* The Payactiv Visa Prepaid Card is issued by Central Bank of Kansas City, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Certain fees, terms, and conditions are associated with the approval, maintenance, and use of the Card. You should consult your Cardholder Agreement and the Fee Schedule at payactiv.com/card411. If you have questions regarding the Card or such fees, terms, and conditions, you can contact us toll-free at 877-747-5862, 24 hours a day, 7 days a week.

¹ Standard rates for data and messaging may apply from your wireless provider