Direct deposit is a process where someone who is going to be paid on a recurring basis, such as an employee, or a recipient of a government entitlement or benefit program such as social security, is sent the payment owed to them into their checking or savings account. The reasons for doing this include:
- Instant access to the funds via an ATM or check card;
- A check can be lost or stolen anywhere between the sender and the intended payee;
- Payments made electronically can be less expensive to the payor.
Direct deposit eliminates mailing delays and alleviates the need to go somewhere to cash or deposit your check.
Direct Deposit Form Blank With Signature In Allegheny
Category:
State:
Multi-State
County:
Allegheny
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
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NOTE: First time set up or if you make changes, the verification process may take one payroll cycle to verify the account number and bank routing information. Signature of Member.Changes to direct deposit will require the issuance of a paper check during processing. Please complete the Direct Deposit Form which is on the reverse side of this letter and return it to the address indicated below. Download a blank direct deposit template using the button above. 2. DIRECTIONS. To sign up for Direct Deposit, the payee is to read the back of this form and fill in the information requested in Sections 1 and 2.
