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 Multiple Accounts In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
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Instructions: Complete the form below and attach an unsigned, voided check from your bank account to verifying your bank routing and account numbers. Note: Direct Deposit for multiple contracts or purchase orders can be set up on this form.Simply enter multiple numbers on the line provided below. Add accounts and complete the requested fields. PAYROLL SECONDARY ACCOUNT(S): If you have more than two secondary accounts, please complete an additional form. Usually if that is the question, the company wants to know who owns the account. If it's just you then yes, they just want your name. You must complete this form to add, change, or delete direct deposit information, NO verbal changes will be accepted. 2. The direct deposit accounts take two to four weeks to establish. The IP will not be paid for those services.
