Can you direct deposit into a savings account?

Yes, you can set up a direct deposit into a savings account. Having your paycheck directly deposited into a savings account can be a great way to save money, and you can even take this a step further. Most employers will allow you to split your direct deposit into two (or more) accounts which means that you can have a portion of your paycheck automatically deposited into savings. This can be a great way to automatically build up your savings.

 

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