Managing your finances efficiently is more important than ever, and two simple tools—direct deposit and automatic bill pay—can make a significant difference in your financial health. These banking features not only save time but also help prevent missed payments, reduce stress, and improve overall money management.

The Benefits of Direct Deposit

Direct deposit is a secure and convenient way to receive payments, such as your paycheck, government benefits, or tax refunds, directly into your Pillar Bank account. Instead of waiting for a paper check, which can get lost, stolen or delayed, funds are automatically deposited, giving you immediate access to your money.

Here are some key benefits:

• Faster Access to Funds – No more waiting for checks to clear; direct deposit ensures your money is available immediately on payday.
• Increased Security – Reduces the risk of lost or stolen checks and potential fraud.
• Convenience – No need to visit the bank to deposit a physical check.
• Encourages Savings – Pillar Bank allows automatic transfers from your paycheck into a savings account, making it easier to build an emergency fund.
• Reliability – Payments arrive on schedule, even if you’re out of town or unable to visit the bank.

The Benefits of Automatic Bill Pay

Automatic bill pay allows you to schedule recurring payments for expenses like rent, utilities, loans, and credit cards. Instead of manually making payments each month, Pillar Bank will handle the transactions for you, ensuring bills are paid on time.

Here’s why this tool is so valuable:

• Prevents Late Fees – Payments are sent automatically, helping you avoid costly penalties.
• Improves Credit Score – Consistently paying bills on time contributes to a positive credit history.
• Saves Time – No more remembering due dates or logging into multiple accounts.
• Enhances Security – Reduces the risk of lost paper bills and check fraud.
• Simplifies Budgeting – Predictable payment schedules make it easier to plan your finances.

How to Set Up Direct Deposit & Automatic Bill Pay

Setting up direct deposit is simple—just provide your employer or payment provider with Pillar Bank’s routing number #091804147 and your account number. Most companies offer an easy form to complete the setup.

For automatic bill pay, log into your online banking account and locate the bill pay feature. Add your billers, set up payment amounts and schedules, and automatically we’ll handle the rest. Then, easily set alerts to remind you of upcoming payments or changes.

Take Control of Your Finances Today

Embracing direct deposit and automatic bill pay is a smart way to streamline your financial life. These features enhance security, reduce stress, and help you manage your money with ease. If you haven’t set them up yet or need assistance, contact Pillar Bank today to start enjoying the benefits of hassle-free banking!