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 Name In Massachusetts
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
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To sign up for Direct Deposit, read the back of this form and complete and sign Sections 1 and 2. Your bank's signed, official account verification document indicating your name, address, bank name and routing number, and account number.All Employees must complete and have on file AUTHORIZATION AGREEMENT FOR. Employee Name: Department: Last 4 digits of Social Security Number: DIRECT DEPOSIT INFORMATION (fill in as necessary). A) Fill out this section completely. B) Primary account: All initial Direct Deposit requests must have a primary account. Complete this form for each account into which you would like funds to be direct deposited. Print Name. Signature. How do I enroll and sign Direct Deposit? D) You must sign and date the authorization form.
