MMC Benefits Handbook
Direct Deposit
Retired participants and beneficiaries can elect to have installments directly deposited into a personal bank account (checking or savings). There is no direct deposit for a lump sum payment. If you have a change to your financial institution to where your installments should be directly deposited, you will need to complete and submit the Electronic Funds Transfer Authorization Change Form. You can obtain a form online by going to and select Transamerica.