With New England Credit Union’s Direct Pay facility, you can have your funds automatically distributed to the accounts of your choice while you relax…

How does it work?

What is the purpose of Direct Pay?

Our development team has designed this facility to help you manage your finances with half the fuss. Direct Pay enables you to select accounts of your choice to distribute your funds when your pay reaches your account.

Each time your pay enters your account you can have pre-established distribution of your money into your other accounts. For example, if you have your home loan, car loan, insurance, and a Christmas Club Account with us, you could choose to have your repayments for your loans and insurance premium transferred to those accounts before you access the money.

You could also choose to put money aside in your Christmas Club Account to coincide with your pays. Direct credits for share dividends and taxation rebates and so forth can also be set up.

How Does this Benefit Me?

By choosing to have your pay transferred automatically into accounts nominated by you, you can save yourself the hassle of having to manually transfer them yourself each time you receive your pay, giving you valuable time to spend on other things.

Will I be Charged an Account Keeping Fee?

With Direct Pay, you can have your money split into your other New England Credit Union accounts fee-free. A fee does however apply to transfers to accounts at other financial institutions.

How do I Apply?

This service is available to any member. Membership can be obtained by purchasing one $10 share (refundable on resignation).

To use this facility you must be a member of New England Credit Union. Membership can be obtained by purchasing one $10 share which is refundable on resignation. Call 132067 for more information.


Product Brochure (2mb)

Disclaimer

The prior information does not take into account your financial situation and personal needs. New England Credit Union Ltd is the issuer of Direct Pay.