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 Template For Employees In Michigan
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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PART 2-6: ACCOUNT INFORMATION. Download Michigan Direct Deposit Authorization template, modify and send for signing using BoloForms Signature.Michigan Department of Health and Human Services. All boxes must be completed to start or change direct deposit. Use this form to start, change or stop direct deposit for payroll. 1. Viewing Direct Deposit Information on the Web. You can view Your own Direct Deposit information using the "Employee Business" option in Wolverine Access. In order to process a Payroll Direct Deposit request the employee must do the following: 1. Provide First and Last Name. 2. To enroll in Direct Deposit, simply fill out this form and give to Human Resources.
