Why

• Electronic deposits are safe, secure and simple and they eliminate the risk of lost or stolen pension checks or postal delays.
• Your pension benefit is transferred to your account on the first business day of each month and your funds are available sooner than if you had to cash or deposit the check.
• The deposit will be shown on your monthly statement, just like any other deposit.
• You also can confirm the deposit through other methods such as telephone banking, automated teller machines (ATM) or computer banking services.

How

• Use our online service to apply for direct deposit
• OR
• Call PBGC's Customer Contact Center to apply for direct deposit.
• • Call at 1-800-400-7242. For TTY/TDD users, call the federal relay service toll-free at 1-800-877-8339 and ask to be connected to the number above.
  • Remember to have the following information on hand so that the customer service representative can complete the transaction:
  • • social security number,
    • plan name
    • case number
    • Your bank’s name and address
    • Your account number (your name must be on the account)
    • Your account type (savings or checking)
    • Your bank’s routing number
• OR
• Print this form, complete it and mail it to PBGC: Direct Deposit Form