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 North Carolina
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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We offer the convenience of direct deposit. By enrolling, members enjoy the security of electronic paychecks deposited into their chosen account.How to sign up for Direct Deposit. • Complete Section 1. Can I Use Direct Deposit for Multiple Accounts? Yes, you can use Direct Deposit for multiple bank accounts if the organization or employer allows it. A direct deposit authorization form authorizes a third party, usually an employer for payroll, to send money to a bank account. To enroll in Direct Deposit, complete this form and return it to the Human Resources Department. You may deposit your pay in up to three different accounts. Setting up multiple direct deposit accounts is more complex than making a change to a single direct deposit account.
