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 Editing In Ohio
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
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The "Authorization Agreement for Direct Deposit of EFT Payments" form must be completed, along with Bank Verification (i.e. Download Ohio Direct Deposit Authorization template, modify and send for signing using BoloForms Signature.Complete this form to enroll in direct deposit or to change the account or financial institution in which your payment is being deposited. Payment Authorization Agreement for Direct Deposit. Select the employees that will be set up for direct deposit, click Edit - Advanced and the Edit. Employee form will open. Direct deposit is mandatory for all payments. Please select either a checking or savings account for your SERS payment to be deposited. Please keep us informed of any change in your home address.
