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 Cra In Collin
Category:
State:
Multi-State
County:
Collin
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
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IMPORTANT: Complete Part C or attach a blank cheque with "VOID" written on it. Address. Direct deposit for individuals.If you have a Canadian bank account, you can sign up for direct deposit to receive your payments from the CRA.
