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Direct Deposit of UC Benefits

Beware of fraudulent unemployment websites. Always make sure you’re on our site when reporting benefits, changing your personal information, or signing up for direct deposit. We will never ask you to pay for UC services, or may ask for your credit information.If you have a checking or savings account, you can have your Unemployment Compensation (UC) benefits electronically deposited into your account, as long as your bank, credit union, savings and loan, etc., is capable of receiving direct deposits.

DIRECT DEPOSIT IS:

  • FAST – you will have your benefits deposited directly into your bank account immediately.
  • CONVENIENT – You don’t have to spend time going to your financial institution or finding a specific ATM each time you receive a benefit payment.
  • SAFE AND RELIABLE – benefits are directly deposited into your existing bank account, without the need to have another card in your wallet.
  • SIMPLE – it is easy to start and can be changed or stopped if necessary.

IMPORTANT NOTICE

If your account has been closed or your account information has changed, please notify us immediately so that payments are not sent to an expired or incorrect account causing a delay. Once direct deposit begins, payments will be made directly to the account you listed while your claim is in effect, and typically from claim to claim until you let us know of a change.

To complete this application you will need to have:

  • The name and address of your financial institution
  • your account number
  • Your routing number
  • To better ensure accurate processing of your request, you should contact your financial institution to verify the routing number and account number used for direct deposit transactions.
  • You will need your Social Security number and PIN to access this site.

Request or Update Direct Deposit

Because

  • Electronic deposits are safe, reliable, simple and eliminate the risk of lost, stolen pension checks or postal delays.

(8 out of 9 payment delays are due to paper checks

More than one in 200 paper checks is delayed, usually due to problems with the mail. Paper checks can also be lost or stolen

Fewer than one in 4,000 electronic direct deposit (EDD) payments are delayed)

  • Your pension benefit is transferred to your account on the first business day of each month and your funds are available more quickly, compared to what you would have to wait if you deposit the check and then withdraw the cash.

(You no longer have to wait until the 7th of each month to receive a check.

No more unnecessary trips to the bank to deposit your check or collect your cash.)

  • The deposit will show up on your monthly statement, just like any other deposit.
  • You may also confirm the deposit by other methods such as by telephone, ATM, or by using your computer for electronic banking.

How

  • Use our MyPBA online services to request or update your direct deposit.

Or also:

  • Print, complete and mail Form 710 – Request for Electronic Direct Deposit. Instructions and mailing address are included on the form

Or also:

  • Call the PBGC Customer Contact Center to request or update direct deposit

Call 1-800-400-7242. TTY/ASCII users can call 711.

Remember to have the following information ready for the customer service representative to complete the transaction:

  • Social Security number
  • plan name
  • PBGC Case Number
  • Your bank name and address (direct deposit option is not available for banks outside of the United States)
  • Your account number (your name must be on the account)
  • Your account type (savings or checking)
  • Your bank routing number as shown on your personal check

Ways to receive unemployment benefits

Here are the most common ways you can receive your unemployment insurance benefits. Check the website for your state unemployment office, as available options and enrollment processes may vary, and due to the coronavirus, it can now be very difficult to reach a customer service representative to receive additional assistance.

Be alert for possible unemployment scams

In times of emergencies and natural disasters, scam rates increase. It is important that you remain vigilant and alert because there are scammers posing as government agency officials to gain access to your personal information.

These potential scams include sending you emails, text messages, phone calls, or social media messages that appear to come from the Department of Labor, or your state government’s unemployment office, asking you to verify personal information such as your Social Security number, or your bank account information. Scammers also frequently require advance payments from you to process your payments or enrollment.

The Federal Trade Commission (FTC) has also warned that fraudsters could even try to submit false claims for unemployment benefits, using your personal information. If you believe you have been a victim of unemployment benefit claim fraud, the FTC asks that you please:

  • File a complaint with the state unemployment agency where you live
  • Report fraud on the IdentityTheft.gov page and learn the steps to recover from the crime
  • Check your credit report and look for fraudulent activity
  • Learn how to protect yourself from coronavirus-related scams

 

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