We have a direct deposit form that lets you specify an amount to send from your paycheck to your ShareBuilder account. The funds are deposited in your cash balance and can be used to buy securities.
To setup a direct deposit from your employer:
- Sign in to the ShareBuilder website
- Click on Accounts > Transfer Money > Deposit & Withdrawal > Payroll Deposit
- Click the Direct Deposit form link under the Direct Deposit Instructions section
- Print and fill out the form
- Take the form to your employer's HR or Payroll department to have your funds taken out of your paycheck each pay period
IMPORTANT: Because your employer handles the transfer of funds, your payroll department must handle all changes to your direct deposit, including stopping the deposits. For routing purposes, your payroll department should consider your ShareBuilder account as a savings account.
When will my payroll deposits begin?
ShareBuilder cannot determine when your first payroll deposit will be made. Once you have submitted the paperwork to
your payroll department, they may require pre-noting. Your payroll
department should be able to answer any questions about the timing of your initial deposit.