This article was updated on: July 26, 2024
Published on: May 10, 2019
By: Webster Bank
How do I make my initial deposit?
The easiest way is through an automated clearinghouse (ACH) payment from an existing checking or savings account. You can also fund via Check or Wire.
You must deposit at least $5,000 to open your Savings account and maintain $25 to earn the disclosed APY.
Have a question about how ACH works? Please call 877.369.BRIO and speak to a client service representative.
If you fund your account via check please note: Once your check is received, it will be processed, and deposited into your account within 1 – 2 business days. You will see the deposit in your Current Balance until the check has cleared. The current balance is the total amount of funds in your account. The available balance is the current balance less any outstanding holds or debits that have not yet been posted to your account. Please see the Funds Availability policy for additional details.
All deposit products are provided by Webster Bank, N.A. ("Webster Bank"), an insured FDIC institution. BrioDirect is a sub-brand of Webster Bank. Webster Bank operates under the trade name BrioDirect. This trade name is used by, and refers to, Webster Bank, a single FDIC-insured bank.
Accounts that are opened via www.briodirectbanking.com and marketed by BrioDirect are Webster Bank accounts. Deposits in these accounts are made with Webster Bank. For purposes of determining how much FDIC insurance is applicable to your accounts, you need to consider all accounts maintained with Webster Bank, N.A., such as CD, checking, savings, BrioDirect online accounts and cash held in health benefits accounts with HSA Bank.