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This provides deposit insurance for credit unions in much the same way as the FDIC provides insurance for banks. Look for the NCUA logo at your credit union's teller stations. The standard maximum limit is $250,000 per individual account holder, per federally insured credit union. (To check on whether your credit union accounts are fully covered, use NCUSIF's coverage estimator at http://webapps.ncua.gov/ins.)
To use a bank account, you will need to know your bank account number. Only bank accounts can be used to set up recurring payments. The maximum one-time payment you can make online using a bank account is $50,000. The maximum recurring payment you can make online using a bank account is $5,000 $2,500.