Is Your Check In the Mail or In the Bank?


By Nina Smith For the past two years the Fund has provided as a service to Fund Participants the option of having their checks deposited directly into their bank accounts. Many of our participants are now taking advantage of this service. If you are among those who were enrolled in direct deposit for this year’s distribution, your funds are safely in the bank. It was fast. It was convenient. You saved yourself time, worry and aggravation. Great!
However, if you had a direct deposit set up for this year’s distribution and your account was closed or the routing number you submitted to us had been changed by your bank and you did not notify our office before the May 30th, 2003 deadline, then our attempt to deposit the check will have been unsuccessful and the direct deposit would not have gone through (banks call this a pre-note failure). Don’t worry, we will call you and give you the option either to receive your check in the mail or to pick it up in person at our office.
If you close your bank account or if any of the information you have submitted to our office changes, please let us know as soon as possible. You may request a new Participant Direct Deposit Enrollment Form to initiate the process for next year’s distribution.
Also, if you decide to terminate the service before next year’s distribution, we need to have written notice. Just send us a note stating you wish to discontinue direct deposit and be sure to sign and date it. You may also send it by fax to (818) 755-7778.
Your timely correction of direct deposit information provided to our office will ensure you will receive any future payments electronically on the distribution date. It’s money in the bank! Spend it well! Back to Front Page
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