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 With Multiple Accounts In Illinois
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
More info
You can select multiple different bank accounts to send funds. Do not use a deposit slip or debit card number.You must select one account type to receive recurring payments (Checking or Savings). 1) Sign into your IDES account. a. If you don't have an ILogin account, follow the steps to create your account. Bank Name: PAYROLL SECONDARY ACCOUNT(S): If you have more than two secondary accounts, please complete an additional form. Signing up for Direct Deposit is easy. Direct Deposit allows State of Illinois payees to electronically receive their payments. Signing up for Direct Deposit is a quick, easy, and efficient way to receive your pay. Earnings are electronically transferred into an account.
