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 Authorization Form From Your Bank In Kings
Category:
State:
Multi-State
County:
Kings
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
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Optional: You may attach a voided check or deposit slip with this application. If you choose to do so, you are not required to sign the check.Complete all the information below. Sign and date the bottom of the form. If you would like to begin Direct Deposit or modify how your funds are distributed, you must complete Form AC 2772 with your banking information. Confused about direct deposit? Learn about authorization forms, direct deposit setup, and software that can streamline the process in this guide from Eddy. If you are unsure of routing or account numbers consult with your financial institution to fill out the bottom portion of the form. Direct Deposit Authorization. Complete BOTH sections below and return this form, ONLY if you wish to enroll in Direct Deposit. 2.
