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 Multiple Accounts In Maryland
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
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Do not include your check number. Do not use your deposit slip number.GENERAL INSTRUCTIONS: Please type or print clearly. (not off a deposit slip) Sign and date the form. Download Maryland Direct Deposit Authorization template, modify and send for signing using BoloForms Signature. Fill the form out completely. 3) Provide this form to your financial institution so that they may complete. Section II. Please advise the State Retirement Agency (SRA) of change of home. Direct deposit means that your paycheck is automatically deposited into your bank account. I authorize you and the bank listed above to deposit my net pay automatically to my account each payday.
