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 With Voided Check In Minnesota
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Hey - the direct deposit form is optional. The form can be provided to your employer for them to set up the direct deposit on their end; some employers may ask for a form as well, so the option is made available.
Alternatives to a Voided Check A direct deposit authorization form. When you complete this type of form, be very careful not to make any mistakes when you fill in your bank's routing number and your account number. A voided counter check. A deposit slip. A photocopy of a check or deposit slip.
Minnesota: Private sector employers in Minnesota can enroll employees in direct deposit; however, employees may opt out by written notification to the employer. Therefore, mandatory direct deposit is not permissible in Minnesota.
To void a check for your employer to set up direct deposit, take a blank check and write “VOID” in large letters across the entire check. Be certain that you don't cover the routing or the account numbers, which your employer will use to ensure your paycheck goes to the right account.
Another important question many ask is, “How do I get a direct deposit form?” Getting a direct deposit to your bank is usually easy and fast since most banks offer a link on their website that says “Set up Direct Deposit,” where you can create a customized direct deposit form.
Get a direct deposit form from your employer. Ask for a written or online direct deposit form. If that isn't available, ask your bank or credit union for one. We've included a list of forms from top banks and credit unions, including the and direct deposit forms.
To void a check for direct deposit, you can: Write VOID in big letters across the entire face of the check. Or, write VOID in the: date line. payee line. amount box. amount line. signature line.
How To Request/Obtain A Bank Letter In-person: The quickest way to obtain a bank letter is to request one in-person. By phone: Another convenient way to obtain a bank letter is to call your bank's support line. By email: Depending on your bank, you may be able to request a bank letter via email.
You'll need to go to the bank and get a letter with your account and routing numbers. You might be able to download a form. Most banks have direct deposit forms on their websites.
