The Direct Deposit Agreement form is designed to facilitate electronic funds transfers to bank accounts for Navy Federal credit union members in the Bronx. This form authorizes an employer to initiate debit and credit entries, ensuring that specified amounts are deposited directly into the selected bank account. Key features include the ability to designate the financial institution, account number, and type of account (checking or savings) for direct deposit, as well as a clear cancellation process. Users must provide a written notification to terminate the agreement, with a minimum notice period of five business days. For attorneys, partners, owners, associates, paralegals, and legal assistants, this form is essential for managing payroll operations, ensuring timely payments, and maintaining accurate financial records. It is crucial to include a voided personal check with the form for verification. By completing this form accurately, legal professionals can streamline payment processes and enhance their clients' financial management.