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 Massachusetts
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
More info
To sign up for Direct Deposit, read the back of this form and complete and sign Sections 1 and 2. • For the client: To sign up for Direct Deposit, read the back of this form and complete and sign Section 1.A) Fill out this section completely. B) Primary account: All initial Direct Deposit requests must have a primary account. DIRECT DEPOSIT INFORMATION (fill in as necessary). Designate one (and only one) account to receive any excess funds left over after all direct deposits are processed. All Employees must complete and have on file AUTHORIZATION AGREEMENT FOR AUTOMATIC DEPOSITS (ACH Credits) form. Your bank's signed, official account verification document indicating your name, address, bank name and routing number, and account number. Do not send this form to Intuit. Employees must attach a voided check for each of their accounts to help verify their account numbers and bank routing numbers.
