What are Autopay and Qualified Direct Deposit?

Autopay is defined as:

  • Recurring loan payment from an internal or external account via Online Banking.
  • Recurring loan payment set up by an LFCU employee from an internal account.

Qualified direct deposit is a recurring direct deposit of a paycheck, pension, or Social Security periodic payment of at least $500 into a checking or savings account on a month-to-month basis made by an outside organization or agency.

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