| |
Why
cash your Federal check and carry around all your
money?
Why worry about your check getting lost or stolen
before you even have a chance to cash it?
DON'T TAKE THE RISK! SIGN UP TODAY
FOR DIRECT DEPOSIT.
When
you open an ETA, you also sign up for Direct Deposit.
In the 27-year history of Direct Deposit, no deposits
of payments have been lost. Direct Deposit also helps
eliminate check fraud. Three to nine people typically
handle each check at a financial institution, versus
one or two for electronic transactions. Electronic transactions
are subject to strict security controls. Finally, electronic
transactions protect your privacy. Checks contain personal
information; for example, names and home addresses.
Chances
are, you have better things to do each month than
make trips to deposit or cash your Federal check.
Now, there is a safer and easier way to get your payment.
Once you open your ETA, instead of getting a check
in the mail, your payment will be deposited into your
ETA—on time, every time.
Your payment can go right to your account at a bank,
savings and loan or credit union. You can join the
millions of Federal recipients who currently have
their payments automatically deposited every month.
Here
are the basic features of an ETA:
 |
Your
ETA will cost you no more than $3.00 a month (some
Providers charge less). |
|
Your
ETA is federally insured. |
|
You
can take money out of your ETA at least four (4)
times a month. |
|
You
don't need to keep a minimum balance in your ETA,
unless the law requires it as with some credit
unions. |
|
You'll
get a monthly statement listing all deposits and
withdrawals. |
|
You
will not be able to write checks using this account. |
|
|
|
Some
ETA Providers may charge other account-related
fees. You'll be told about them before you sign
up for your ETA.
|
|
