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 Signature In Houston
Category:
State:
Multi-State
City:
Houston
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
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I understand that this authorization will cause any previously authorized direct deposits to financial institutions to be discontinued. Complete the Direct Deposit Authorization form.Enter all necessary information on the Authorization form (all owners and authorized signatories must sign). Review any direct deposit authorization form for essential information and completeness before setting up the direct deposit. Complete this form and provide a signed copy to your employer's payroll department to have your paycheck directly deposited into your account. Please complete this form and provide the signed form to your employer to have your paycheck directly deposited into your Texas Bay Credit Union account(s). Get your personalized pre-filled direct deposit form. Fill in the blanks for box 1: Individuals, enter your Social Security Number (SSN), or. Companies, enter your Federal Employer ID Number (FEIN). Once filled out and signed, you can use the information to begin sending money directly into the employee's checking or savings account(s).
