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 Employees In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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Employees may update their direct deposit information, using Employee Self Service (ESS) through the "Montgomery County, Maryland Single Sign On" link below. Direct deposit is mandatory for all employees hired after February 1, 2001.Effective immediately, employees may update their direct deposit banking information electronically via the MyMC employee portal. If you would like to begin Direct Deposit or modify how your funds are distributed, you must complete Form AC 2772 with your banking information. Company Name: Company ID Number: Your School Name. To enroll in direct deposit, you will need to provide your bank routing number and your savings or checking account number. How do I sign up for direct deposit? Employees can access Payment Elections in Workday through the Worklet Pay app online.
