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 Authorization Form From Your Bank In Orange
Category:
State:
Multi-State
County:
Orange
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
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Direct Deposit - Authorization Agreement. Fill this form out and turn in to your employer.How to Complete this Form. 1. You must send a blank preprinted voided check (write "void" across the check) with this form in order for direct deposit to be setup. Directions: This is a sample form for illustration purposes only. Fill out the enclosed form. 2. Attach a VOID check or a copy of a check from your account. 3. You can find the Electronic Payment Authorization form on Page 2 of this document. We recommend that you retain a copy of this form. Confused about direct deposit?
