Why Switch to Direct Deposit?
You can start receiving your monthly benefit faster and more securely by signing up for direct deposit via Electronic Funds Transfer (EFT). Direct deposit is free and fast, and you’ll receive your benefit payment directly in the bank account of your choice. Listed below are a few reasons why you should consider switching to direct deposit:
- Security: There is less risk of fraud, identity theft, or forgery. Direct deposit is more confidential than paper payments because fewer people are involved in the process.
- Accessibility: You can log into your account anytime at copera.org and view your monthly benefit statements online.
- Convenience: Direct deposit eliminates the need for in-person deposits; you can be sure your check will be in your account by the last business day of the month.
- Sustainability: You’ll use less gas on trips to the bank and less paper, since your funds and records are available electronically.
Signing up is easy. Log into your account at copera.org and look for the “Payment information” section of your dashboard to update or add direct deposit information to your account.
For more information, along with some frequently asked questions, visit our Direct Deposit by Electronic Funds Transfer (EFT) PDF.