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 Check In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
More info
Authorize direct deposit of payroll checks, Social Security benefits, New York State Retirement checks, and all recurring Federal payments. You must complete a short application which provides instructions as to where you want your paycheck deposited.Keep these instructions and a copy of the completed form for your records. Original must be submitted with voided check or deposit slip. This form is fillable. Type in answers to sections A-D. Your net pay will be going to the Financial Institution Name listed. 2. Indicate whether the account is checking or savings. Form number reference: Address Change - OL4016. Change direct deposit.
