Direct Deposit & ACH Services | Security Federal Savings Bank

New Android App Available for Download, Monday, June 9th

As part of our system upgrade, Android users will need to delete the old Security Federal app from their devices before downloading the new one starting Monday morning.
Please note: The new app may not immediately appear in Google Play search results.
To access it directly, use this link:
https://play.google.com/store/apps/details/?id=com.csiweb.digitalbanking.bk0011
What to look for: In the app store, the new Security Federal app will have a white background with our signature “S” ribbon logo in the center.

Apple Users: Your app may automatically update. If it does not, you need to delete your current app (blue background), then find the new app with the white background. Click here for the new apple app: SecFed Bank on the App Store.
Thank you for being part of this exciting upgrade. We're here if you need support!

Fraud Alert: Text Message Scam

We've been made aware of a fraudulent text message circulating that appears to be from Security Federal Savings Bank, asking you to click a link to decline a suspicious transaction. This message is not from the bank.

Please remember: Security Federal does not send fraud alerts via text message. We will never ask for your login credentials, PIN, or any personal account details through a link or message. If you ever receive a suspicious message or are unsure about a communication, do not click any links. Instead, call us directly at your local branch or our main number.

Your security is our top priority—thank you for staying alert and helping us protect your account.

Direct Deposit and ACH Origination

Business owners, we bet you've heard the phrase, "time is money," and we'd like to help you save both.

ACH Origination and Collections

An ACH (Automated Clearing House) Origination allows you to create electronic payments and deposits by giving Security Federal permission to debit directly from your account. This helps you effectively manage your payables and receivables process in a convenient, secure way.

Benefits:

Give your customers a way to make recurring payments to your organization (ACH Collections)
Reduce administrative costs for your business
Improve cash flow and financial forecasting
Save time for you or your staff by automating the payment process

To be eligible for ACH, your business can apply for Cash Management through Security Federal. Please call, stop in, or send us a message if you have questions.

Direct Deposit

The most efficient way to pay your staff is by encouraging them to enroll in Direct Deposit, our fully-automated payment option. You'll no longer need to print or mail out paper checks!

When a staff member agrees to be paid via direct deposit and you set them up in Cash Management through Security Federal, neither you nor your staff member will need to visit the bank to transfer the money.

Benefits:

Saves you time and money by not having to print or mail out paper checks
Your staff members get paid faster by electronically depositing their check into a savings or checking account

How does it work?

To be eligible for Direct Deposit payments to your staff, your business can apply for Cash Management^* (CM) through Security Federal. Once enrolled, you'll upload your staff's info to get their Direct Deposit established. It generally takes 1-2 payment cycles before the first check is directly deposited into their account.