E-Deposit
The convenient way to deposit money instantly from home!

In keeping with our goal of continuing to provide our members with the latest technologies; Palisades is excited to offer a service like E-Deposit. E-Deposit is an Online Banking feature like none other. It allows members to deposit a check without a hold through their Online Banking home page (aka Home Banking).

 
 In order to qualify for this program, you must meet one of two qualifying criteria.

1) Membership for at least 30 days with Direct Deposit (at least two posted within last 60 days) and an average daily combined balance greater than $1,000.00 in all share accounts. No missed loan payments greater than the due date and/or the Credit Union must not have suffered any losses.

2) Upon request, you can elect to have a credit review completed for approval to enter the program.

If you qualify for this program, you will receive a $1,000 limit which will allow you to receive an instant $1,000 credit to your selected share draft account when depositing a check via the internet through Online Banking.

The process:

• Access the Online Banking home page by entering your log on information.
• Upon reaching the home page, select E-Deposit.
• Enter the requested data into the respective fields.
• A reference number will be given to you along with instructions to mail the check to Palisades with the reference number noted on the outside of the envelope.
• The check must be received by Palisades within 5 days of the online deposit. No exceptions or special circumstances will be considered if the check is not received within the 5 day window.

All disclosures necessary for this product is contained wholly and electronically on your Online Banking page. You must click “Yes” to agree to the terms of the agreement. 

For questions or more information and to sign-up please call us at 845-602-4242.