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 Without Voided Check In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
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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. Use a blank check and right VOID on the signature line.Payroll checks, federal tax refunds, and Social Security checks can be directly deposited into a FMFCU checking or savings accounts. I authorize City of Franklin to initiate credit entries and, if necessary, to initiate adjustment entries to my account(s) listed above. Automatic (Direct) Deposit. Complete the direct deposit form and clearly list the name of your bank, account number and routing number. Give this form to your employer to change your direct deposit. DATE. To have your paycheck deposited directly into your checking or savings account, download, print and complete the direct deposit authorization form.
