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 New York
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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How to Complete This Form. This form is fillable.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. The fastest way to enroll in Direct Deposit is through NYCAPS Employee Self-Service (ESS). This document provides complete instructions for employees on how to fill out the Payroll Direct Deposit Form. 1. Complete Section 1 with your personal information. A Direct Deposit Authorization is a document or form that allows an individual or organization to authorize the direct deposit of funds into their bank account.
