Your bank account options may allow you to perform certain transactions.
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Direct deposit is a convenient way to automatically receive recurring income in your checking or savings account. That’s when money, such as a paycheck, is electronically transferred directly into your account. This way you receive the funds even faster and more safely than with a paper check. You’ll receive proof of deposit from your bank for all direct deposits.
At many banks you can set up automatic transfers from your checking to your savings account. It can be easier to save more, and more quickly, when it’s automatic. You may also have the option of automatic payments. This can help ensure that your regular monthly bills are always paid on time.
International remittance, also called global remittance, is a type of Electronic Funds Transfer. Let’s say you have family members stationed outside of the United States. This service allows you to quickly and easily transfer funds to them from your account. Ask your bank if they offer this service.
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