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 Check In Illinois
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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Direct Deposit allows State of Illinois payees to electronically receive their payments. 7) Enter the following information.The bank name should automatically populate. Signing up for Direct Deposit is easy. Please fax the completed form with the above referenced information to or mail to the Illinois State Disbursement. Unit at the above address. To enroll in direct deposit, complete this form and submit it to the Payroll Department. Attach a Void check for each checking account, not a deposit slip. Direct Deposit is the fastest and most convenient way to receive your paycheck. You may select direct deposit or paper check. •.
