Direct Deposit

Direct Deposit Made Easy

Life moves fast, and getting paid should keep up. With direct deposit, your paycheck, tax refund, government benefits, or other recurring payments are deposited electronically into your Alero Financial account, giving you secure, reliable access to your money without waiting on a paper check.

Whether you're starting a new job, changing employers, or updating your account information, setting up direct deposit is simple. It's just one more way we're delivering banking at the speed of life, so you can spend less time worrying about deposits and more time focusing on what matters most.

Find answers to common questions about direct deposit, including how it works, what information you'll need, and how to get started below.

Though your employer will ultimately establish direct deposit of your paycheck, we can help you get started with this direct deposit form.
Simply fill out and save this form as a .pdf and give it to your payroll administrator.
Be sure to have your Alero Financial member number handy if you don't have it memorized.
You'll also need to indicate your preferred account (checking or savings).
Once your employer processes the direct deposit request, you will be able to see if it went through by logging into digital banking.
Please note that this form is just a courtesy to make it easier for our members to establish direct deposit with an employer. Your specific employer may have their own form or process for establishing direct deposit.
If they do not, you may also be able to simply contact your HR department directly with Alero Financial's routing number (271987075) and your member number as your account number to initiate the request.
If you need help locating your member account number, try these options:
- When logged into digital banking, you can access your full account number to each individual account or loan by selecting the Accounts tab, selecting the specific account, and clicking the view, "eye" icon, under the account name to unmask.
- In our mobile app, once logged in, select individual account or loan. Top right, select Show Details and you will have access to view the account or loan by selecting the view "eye" icon to unmask.
- Check your print or eStatements (access eStatements by logging in to digital banking (go to Tools > eStatements > Statements).
- Send us a secure message when logged into digital banking.
- Contact our Member Center. Please note that we will need to first verify your identity before providing your member account number by phone.
- Visit your local Alero Financial branch to ask for help.
For your security, we cannot provide your member number within an unencrypted email.
Our direct deposit form can be used to set up a new direct deposit or change an existing direct deposit from another financial institution to Alero Financial.
Fill it out, save as a pdf, and email it to your payroll administrator to get the process started.
If you have paychecks coming in from multiple sources, you can set up multiple direct deposits into your Alero Financial account. You can initiate the process with our direct deposit form.
Payroll allocation is a free service offered to Alero Financial members that allows you to automatically divide payroll funds received electronically into different accounts, loans, or even into other members' accounts (e.g. a child's account).
The goal is to help you simplify your life, make Alero Financial loan payments on time, and automate savings. Payroll allocation makes it easy to set it and forget it. However, if your needs change, you can always modify your allocation at any time.
To set up payroll allocation, contact us once direct deposits have been set up and your paycheck has been deposited.
We can set up payroll allocation on your behalf to any Alero Financial account or loan on which you are listed as an account owner.
*Please note that first mortgage loans and share certificates do not qualify for payroll allocations.
You can also set up scheduled transfers yourself by logging into digital banking. To establish your own recurring transfers between Alero Financial accounts, log in to digital banking and choose "Transfers." Then, select the accounts you want to transfer from and to, set the amount and frequency, and choose the start date. You can set your recurring transfer to continue indefinitely or add an end date if you prefer.