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.
Blank Direct Deposit Form For Chase
Category:
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Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
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Description
How to fill out Direct Deposit Agreement?
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FAQ
JPMorgan Chase Bank, National Association.
JPMorgan Chase Bank, N.A.
Include your account information. Specifically, you will need to provide your bank or credit union routing number and account number, or else your employer will not be able to initiate the direct deposit.
Direct Deposit Authorization Form Company Information. Employee Information. Bank Account Information. ?I hereby authorize?? Statement. Employee Signature and Date. Space for Attached Physical Check (Optional)
When using Chase Quick Deposit, you do not need to write "For electronic deposit at Chase only" on the check. Instead, when you endorse the back of the check, make sure to include the words "For Deposit Only" followed by your account number underneath your signature.
