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 Voided Check In Michigan
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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Please Print or Type. 1. For a CHECKING account: Write VOID on an unused check and attach here.Indicate whether the account is checking or savings. Submit the Direct Deposit Form. You must attach a voided check to this form before a direct deposit into a checking account will be processed; starter checks are not permitted. Enjoy automatic paycheck deposits into your account. Complete a direct deposit form. 2 of 2 of this form for an example of a check and the information needed. Instructions: Please attach a copy of a voided check or deposit slip for each checking or savings account. Please fill out the below information in full and send back with a voided check or a letter from your bank with your account information.
