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 Document For Cra In Chicago
Category:
State:
Multi-State
City:
Chicago
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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If you are unable to attach a check, please write your permanent address in the space where the check should be attached. Download the CRA Direct Deposit Form.You can sign up for direct deposit to receive your payments from the CRA. You will need to find your banking information at the bottom of your personal cheques. To use this form to sign up for direct deposit fill in the information requested in section 1. You may select direct deposit or paper check. •. Review the entries you made on each line for accuracy and verify your calculations. •. Offers a quick and easy way to provide proof of income when making major purchases such as new car or refinancing a home. What information is needed when signing up? Simply click on the form title to download it to your computer.
