Direct Deposit

Overview

Access your money faster with direct deposit

The fastest, most convenient way to deposit your paycheck.

Enjoy the ease of having your paycheck, Social Security, or other income automatically deposited in your BBVA Compass checking or savings account.

Benefits Include:

  • Get faster availability of your funds, with same business-day access
  • Save time and money you would spend driving to a branch or ATM to deposit income checks
  • Never wait to receive your funds while on vacation or away from work
  • Set up Online Banking and Mobile Banking alerts to notify you when money is deposited
  • Distribute your deposit across multiple BBVA Compass checking and savings accounts

Get Started

How to set up direct deposit

Regular Paycheck, Retirement, or Pension

  1. Download and fill out the Payroll Direct Deposit Form
  2. Take or send this form to your employer’s payroll or Human Resources Department
  3. Your employer will handle setting up direct deposits to the account you specify in the form

 

Social Security, Veteran’s Affairs (VA), Other Government Payments

You have two options for setting up direct deposit:

  1. Call the applicable number listed below:
  2. Fill out Standard Form 1199a. Bring the form to your local BBVA Compass branch location, and a banker will assist you with completing Direct Deposit enrollment.  


You may also consult the Department of Veteran’s Affairs and Social Security Go Direct for additional help with setting up direct deposit.

Locate Your Routing Number

To set up direct deposit, you may need to provide your routing number. Easily locate your routing number in bottom left corner of your checks or via the link below.

Find Your Routing Number

FAQs

Frequently asked questions

What is direct deposit?

In the past, most payments such as income, Social Security, tax refunds, and more were paid by check. Today, those payments can be made via direct deposit, with the funds being electronically deposited directly into your checking account.

There are many benefits to direct deposit. It’s more convenient than taking a check to a bank to deposit, and more secure than paper checks. What’s more, with direct deposit you have immediate access to the funds, whereas with checks there could be a several-day delay until the check clears.

Most employers, government agencies, and other payors encourage payment recipients to sign up for direct deposit. And in most cases, there are no fees associated with direct deposit.

How do I sign up for direct deposit?

You can request a direct deposit form from your employer or human resources department. In some cases, you might be asked to supply a voided check when you fill out the direct deposit form.

For Social Security, pension, and other payments, you can typically sign up for direct deposit or request a form at the entity’s web site or contact them by phone for assistance.

Most banks, including BBVA Compass, give customers the ability to download direct deposit forms from their web site. You can then complete the form and take it to your employer’s payroll or human resources department.

BBVA Compass Direct Deposit Form

How do I fill out a direct deposit form?

The form will ask for basic information such as your name, address, date of birth, and phone number. You will either be asked to provide a voided check (a check from your checkbook with the word VOID written on it) or your bank’s routing number to complete the form.

Once complete, take the form to your employer’s payroll or human resources department.

How much does direct deposit cost?

In most cases, direct deposit is free. In fact, most employers, government agencies, and other entities encourage signing up for direct deposit.

Details you need to make a smart decision

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