Direct deposit is the electronic transfer of your retirement benefit directly from VRS into your account. These funds are transferred without the use of a paper check.
Direct deposit is convenient.
Because VRS sends the funds directly into your account, there is no need for you to make a trip to your financial institution. Direct deposit is safe. Because your retirement benefit is sent directly into your account, there is no chance of a lost or stolen check. Direct deposit is dependable. Because VRS transfers the funds electronically, there is no mailing delay.