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 Massachusetts
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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To sign up for Direct Deposit, read the back of this form and complete and sign Sections 1 and 2. A) Fill out this section completely.B) Primary account: All initial Direct Deposit requests must have a primary account. Account Number: Account Type: Checking: Savings: Amount to be Deposited: NET PAY. Return this form AND a VOIDED CHECK or DEPOSIT SLIP for each bank account. Bank Name: PAYROLL SECONDARY ACCOUNT(S): If you have more than two secondary accounts, please complete an additional form. Your bank's signed, official account verification document indicating your name, address, bank name and routing number, and account number. Direct Deposit means the Boston Retirement System can automatically deposit your monthly pension benefit into your checking or savings. How do I enroll and sign Direct Deposit? You can only select one account for this option.
