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 Voided Check In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
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Payroll checks, federal tax refunds, and Social Security checks can be directly deposited into a FMFCU checking or savings accounts. Bank Name. EXISTING.Account No. Savings. Checking. 3. Attach a voided check(s) or printout(s) from your bank(s). Pre-printed voided check, deposit slip or letter from your bank on the bank's letterhead included with your completed form. Here's how to set up Direct Deposit : 1. 2. On the voided check below, fill in the blank fields with your name, address, date and checking account number. â–« Use my enclosed preprinted voided check. â–« Use my enclosed preprinted savings deposit slip. Please begin making this automatic deposit into my new account effective: Should you have any questions regarding this request, please feel free to contact me.
