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 Signature In Pennsylvania
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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Stop direct deposit. To sign up for Electronic Addenda, complete the form below.DIRECTIONS. To sign up for Direct Deposit, the payee is to read the back of this form and fill in the information requested in Sections 1 and 2. In signing this form, I authorize my payments to be sent to the financial institution named below to be deposited to the account designated on this form. Print Name: If this form is not sufficient to authorize and complete the direct deposit update, please forward the authorized form for my signature. Salary payments will return to regular payroll checks during this time. Signature. Date. Ally Bank. ATTN: Deposit Operations. If you are canceling your direct deposit, leave this section blank. Please fill in the requested information below. •.
