FA$TCA$H Deposit

By: Eric Rich  09-12-2011
Keywords: credit union, online banking

How it Works:

  • Once approved, simply log onto online banking
  • Click on the FA$TCA$H Deposit button, enter your deposit amount, and transfer from your FA$TCA$H Deposit Account to your Share Draft.
  • Mail your endorsed checks (envelopes and deposit slips will be provided to you) and once received at the credit union, your deposit will be applied to your FA$TCA$H Deposit Account bringing the balance back to zero and completing the transaction.

Frequently Asked Questions:

What if the Credit Union does not receive my check?

If the FA$TCA$H Deposit is not received at the credit union within 15 days of the on-line deposit, the amount of that deposit will be transferred to a FA$TCA$H Deposit Loan.  You will receive a notice informing you that the deposit amount was transferred to a FA$TCA$H Deposit Loan.

If my balance is transferred to an FA$TCA$H Deposit Loan, what happens?

First, you have 15 days for the deposit to reach the credit union.

If you process a deposit on-line and the credit union does not receive the physical checks within 15 days, the balance due will be transferred to a loan and charged an annual percentage rate of 18%.  

If a FA$TCA$H Deposit Loan is established because your deposit was not received, you will receive another notice informing you of your payment due and the due date.

How much can I deposit at one time?

You can complete an on-line deposit up to $1500.  This $1500 limit is a combination of the funds in your FA$TCA$H Deposit Account and deposits that have transferred to your FA$TCA$H Deposit Loan.

How do I order more deposit slips and envelopes?

 and we will mail additional envelopes and deposit slips.

The information in this article was current at 06 Dec 2011

Keywords: credit union, online banking

Other products and services from Eric Rich


IRA Certificates

Roth IRA contributions are not tax deductible, but if funds are disbursed in a "qualified contribution" then it would not be subject to federal income tax or subject to the IRS early distribution penalty. Educational Savings Account Certificates are designed to assist saving specifically for the higher education expenses of a designated beneficiary.


Share Certificates

If you are looking to maximize your earnings and are willing to invest for a specific amount of time, then a Share Certificate is a great investment instrument for you. Simply choose a term that will provide the highest Annual Percentage Yield while allowing access to funds when a need is anticipated. Call 800-949-7628 and a credit union representative can assist you in openting a Share Certificate, or answer any questions you may have.


Share Draft Account

If you want to earn a higher rate of interest than a typical Share Draft Account Money Market Account would be another option. These additional benefits for those with direct deposit of net check make FPCU's Share Draft Account even better. FPCU's MasterMoney Debit Card will provide access to funds in Share or Share Draft accounts at any ATM. A checking account that is simplicity at its best -- no minimum balance, no service fees.


Share Accounts

A Share Account, also referred to as a savings account, provides a safe and secure way to reach the savings goals that you've established and and still have complete access to your funds when you need it. Holiday Accounts can be opened at any point during the year and will automatically transfer to your Share Account around October 15th each year.