Direct Deposit

What is ACH Direct Deposit?

ACH (Automated Clearing House) is a payment system that is utilized to process direct deposit transfers. Choosing this option will allow you to receive your owner interest royalty payments directly through an Electronic Funds Transfer (EFT).  An EFT is an automation process that permits funds to be directly transferred to your financial institution (bank, credit union, etc.).  The Automated Clearing House (ACH) payment system will be utilized to process direct payment. You do not need a computer to enroll in Direct Deposit; you only need a valid bank account to direct funds.

How to set up ACH Direct Deposit

Verify that your banking institution offers Direct Deposit via Electronic Funds Transfer.  Once verified, fill out the Direct Deposit Enrollment Form (DDEF).  For your convenience, a link to a printable blank enrollment is provided to the right of this page, as well as on the Important Documents Section under the Owner Relations page on our website.  You must provide a check with “VOID” written across it or a letter from your bank verifying your account. The routing and account number written on the DDEF must match the bank routing and account number on the voided check or verification letter from the bank.  Deposit slips are not accepted.  Dual signatures are required for joint accounts.  If all requirements listed are not met, the DDEF will not be accepted. 

Return the completed DDEF and voided check or bank account verification letter to: 

Teal Natural Resources, LLC 
ATTN: Owner Relations 
8235 Douglas Avenue, Suite 1100 
Dallas, Texas 75225

What if your ACH Direct Deposit information changes?

Fill out the Direct Deposit Enrollment Form in its entirety, selecting the ‘Request Change’ box.  You must provide a check with “VOID” written across it or a letter from your bank verifying your account.  The routing and account number written on the DDEF must match the bank routing and account number on the voided check or verification letter from the bank.  Deposit slips are not accepted.  Dual signatures are required for joint accounts.  If all requirements listed are not met, the DDEF will not be accepted.  During this processing time, you will receive a paper check in the mail until your ACH Direct Deposit account is re-established.

Return the completed DDEF and voided check or bank account verification letter to: 

Teal Natural Resources, LLC 
ATTN: Owner Relations 
8235 Douglas Avenue, Suite 1100 
Dallas, Texas 75225

Or by e-mail at ownerrelations@tealnr.com

For questions regarding direct deposit enrollment, please call our owner relations hotline at 214-489-7158.