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 With Multiple Accounts In Broward
Category:
State:
Multi-State
County:
Broward
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
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Account Number. Savings. Stop. Processor. Form Instructions: 1.) All information should be typed (no handwritten requests).Complete BOTH sections below and return this form, ONLY if you wish to enroll in Direct Deposit. 2. Your name must appear on your bank or credit union account. PAYROLL SECONDARY ACCOUNT(S): If you have more than two secondary accounts, please complete an additional form. Please complete all fields. ✓ This form will override all other direct deposit authorization forms. SCCU members with a Free Checking or Interest Checking account are eligible to receive their direct deposits up to two days early.
