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 Multiple Accounts In New York
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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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. In signing this form, I authorize my NYS salary payment to be sent to the designated financial institution(s) to be deposited into the specified account(s), and.This form accommodates up to three accounts. Provide Social Security Number. 4. Complete, Sign, and Date the form. 5. CUNY Employees​​ To enroll in Direct Deposit, please print, complete the Direct Deposit Enrollment form and submit to your campus payroll department. Direct deposit authorization forms authorize employers to send money directly into an individual's bank account. Download a blank direct deposit template using the button above. A direct deposit authorization form authorizes a third party, usually an employer for payroll, to send money to a bank account. For more than three accounts or if you prefer to list each Financial Institution on a separate form, use additional forms as necessary.
