I'm having my retirement check sent to my bank and I have been notified that my bank is merging. Will my electronic deposit remain in effect or is there something I need to do? I do not want to cause any delays in my check reaching the bank.
TRS receives notification of changes in routing and/or account numbers through the Office of the Comptroller. We will make the necessary changes to your account automatically. As part of a clearing house rule, financial institutions must accept electronic deposits under the old numbers for at least six months after the merger. A TRS benefit recipient is not required to take any action when his or her financial institution merges.
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