Direct Deposit/Electronic Funds Transfer
If you are currently receiving benefit payments by check, Aurora National Life Assurance Company can send your benefit payments directly to your financial institution by Direct Deposit or
Electronic Funds Transfer (EFT). (See eligibility requirements below.)
With Direct Deposit or EFT, there's no worry about your benefit payment check being lost, stolen or misplaced. If you use either option, you will no
longer have to make special trips to deposit your check. This will be especially convenient in times of inclement weather, ill-health or when you're away from home.
About Electronic Funds Transfer (EFT)
Electronic Funds Transfer, or EFT, is an electronic deposit made by Aurora to your savings or checking account without
the use of the postal service. Your money is available at the opening of business on the day your benefit payment is due. If you have an interest-bearing account, your money begins earning interest
Eligibility Requirements for EFT
Benefit Payment Dates. You may use the EFT option if your benefit payment date is on the 1st, 28th, 29th, 30th or 31st of the month whether your payment mode (frequency) is now monthly, quarterly, semiannual or annual. Direct Deposit only is available for all other benefit payment dates.
Payment Minimums and Frequency. Payments made by EFT must be $50 or more and paid at least annually. Important Note: If your payment amount does not
meet the required minimum, your payment frequency may be changed to the next less frequent mode (e.g. from monthly to quarterly, quarterly to semiannual or semiannual to annual).
About Direct Deposit
Direct Deposit means that a physical check will be mailed via the postal service from Aurora directly to your financial
institution instead of your home or mailing address.
Eligibility Requirements for Direct Deposit
Benefit Payment Dates. The Direct Deposit option is available for all benefit payment dates whether your payment mode (frequency) is now monthly, quarterly, semiannual or annual.
Payment Minimums and Frequency. Payments made by Direct Deposit must be $500 or more and paid at least annually. Important Note: If your payment amount does
not meet the required minimum, your payment frequency will be changed to the next less frequent mode (e.g. from monthly to quarterly, quarterly to semiannual or semiannual to annual).
Time Required to Process Your EFT or Direct Deposit Request
Please allow up to 60 days for us to process your request. After this period, you can expect to receive your next scheduled benefit payment through Direct Deposit or EFT. (Be sure to read "Payment Minimums and Frequency").
To access our Direct Deposit/EFT form please click on the button below.