The Direct Deposit Agreement form is an essential tool for facilitating electronic payments in Fulton. It authorizes the employer to initiate debit and credit entries to an employee's bank account, ensuring timely payment processing. The form includes provisions for the user to specify their financial institution, account details, and preferred deposit amount per pay period. After completion, the user must submit a voided check for verification, and the original signed document should be retained by the employer. This agreement remains in effect until either party provides written notice for termination, with conditions outlined regarding the notice period. For legal professionals such as attorneys, partners, and associates, this form is vital for managing payroll transactions efficiently. Paralegals and legal assistants can assist in ensuring accurate completion and adherence to fund transfer protocols. This form helps streamline payment processes, providing clarity and ease in financial transactions for all parties involved.