Financial Resource Center

Money Management

Streamline Finances Online

by Rena Crispin, CUDE, CCUFC / January 30th, 2020

Streamlining your finances with online tools is about more than just saving time—it helps you avoid late fees and overdraft fees, and helps you save money.

Set Up Direct Deposit

Find out if your employer offers direct deposit—most do. To sign up, all you usually have to fill out a direct deposit form from human resources department. Your paycheck should appear automatically in your credit union account within a few weeks.

Authorize Electronic Payments

With electronic payments, you can pay every bill you have using one or more automated options:

  • Regular, uniform payments that will continue for a long time (mortgage): Authorize a creditor (such as your credit union) to take money directly from your checking account using the Automated Clearing House (ACH).
  • Bills that only pop up annually, semiannually, or that change in amount: Set up your online account with your credit card to pay in full automatically before the due date.
  • Bills from vendors or service providers: Use online bill pay for regular monthly bills. You can set up payments 24/7, adjust payment dates to jibe with your paydays, and make optional extra payments when you want.

Automate Routine Savings

Set up automated transfers from checking to your savings account(s), and you’ll be financially ready for an unexpected car repair and or other emergency expense.

Get Overdraft Protection

To make sure you’re never penalized for overdrawing your checking account, set up an overdraft protection savings account or line of credit at your credit union.

Track at Your Convenience

Once you’ve automated your finances, use your credit union’s website and mobile services to track your accounts and transfer money between them. Check accounts frequently to make sure your automated plan is working the way you want, and to monitor it for attempted fraud or ID theft.


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