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 Blank With Multiple Accounts In Nassau
Category:
State:
Multi-State
County:
Nassau
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
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You must complete a short application which provides instructions as to where you want your paycheck deposited. For further information or assistance with this form, please call a Credit Union Personal Service Representative at 516.742.There is no fee for direct deposit service. Click here to download our direct deposit form (Opens in a new Window). How secure and reliable is direct deposit? Direct Deposit is very sage and reliable. PAYROLL SECONDARY ACCOUNT(S): If you have more than two secondary accounts, please complete an additional form. Direct Deposit for Child Care Assistance allows New York (instate) providers to receive their child care assistance payments directly into their bank account. SCCU members with a Free Checking or Interest Checking account are eligible to receive their direct deposits up to two days early.
