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All you need to get started is the Broadway Bank routing number and your account number. To sign up for Direct Deposit, fill out the form below and send it to your employer or federal benefits provider.
There are many reasons to choose direct deposit for your paycheck or federal benefits, from convenience to security. Here are the many benefits to having a direct deposit:
You get paid faster with a direct deposit.When you get paid with a check, the funds are not always available to you right away. Your bank must ensure that the funds are available at the issuing bank before they can clear the check. With a direct deposit, the funds are cleared instantly, and you get access to your money right away. With Direct Deposit Early Pay from Broadway Bank, you can get your hard-earned cash even faster.
Direct deposits are more secure. If you provide the correct routing and account number to your employer, the chances of losing your paycheck are very slim. With a paper check, however, there's an increased risk of it becoming lost or stolen.
You can automatically make deposits to multiple accounts. Many employers allow you to set up your direct deposit to go to multiple accounts, which is an excellent option for diverting a percentage of your paycheck directly to your savings account without having to lift a finger. Ask your employer if they offer this option when you set up your direct deposit.
1Direct deposit and early payment of funds are subject to the timing of originator funding.
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