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 Document For Chase In Michigan
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
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Complete the direct deposit form. Complete this form, then print it, sign it and take it to your employer's payroll department to request direct deposit of your paycheck.Customer name. Address. You will need to supply the Bank's (in this case Chase's) routing number and your account number to the payor. Download a prefilled direct deposit form to give your employer so your paycheck is automatically deposited into your checking or savings account. Employees can use a payroll direct deposit through their HR Self-Service Account to buy savings bonds. 1. Save Time with Direct Deposit.
