We are pleased to introduce Direct Deposit and Deposit to PayPal*, both powered by Hyperwallet.
Direct Deposit is a service where eCheck recipients can use their bank routing and account numbers to receive funds. Deposit to PayPal allows eCheck recipients to use the email associated with their PayPal account to receive funds. When available, eCheck recipients can use these services instead of printing and depositing eChecks.
For recipients, these services, along with the Deluxe Payment Exchange original Deposit Service - Instant Funds powered by Hyperwallet, give you more choices for how you want to receive funds. If you need funds quickly or you’d rather skip a trip to the bank, Deposit Services give you options.
The service is free to eCheck senders, and they don't need to change anything to take advantage of this service. It gives the recipient more options and the sender can be more confident that the recipient will love them.
For more information including how to get started using Deposit Services visit:
- Getting Started with Deposit Services
- Troubleshooting Deposit Services
- Using Deposit Services for eChecks
*Majority of Instant Funds transactions will be funded within 30 minutes, but it could take up to 24 hours. The funds availability timing for the initial transaction will generally be indicative of future transactions for the account you set up. Direct Deposit transactions will be funded in 1-3 days. Deposit to PayPal transactions will be funded within 30 minutes. A small fee will be charged to the eCheck recipient for each deposit. Check clearing provided by our partner bank.