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 California
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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A direct deposit authorization form authorizes a third party, usually an employer for payroll, to send money to a bank account. To enroll in Direct Deposit, complete this form as follows: General Instructions.PAYROLL SECONDARY ACCOUNT(S): If you have more than two secondary accounts, please complete an additional form. A sample form for an employee to provide authorization for direct deposit of wages. Learn more about how direct deposits work and how to set one up so that your checks are deposited into your account automatically. Download a direct deposit form now! This guide will cover the basics of setting up direct deposit, including all the necessary steps for providing a smoother payroll experience.
