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 Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
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Set Up Direct Deposit. We make it easy - use the form at the bottom to set up direct deposit of your paycheck or Social Security benefits.➢The first required direct deposit account is the "Remaining Balance" account. ➢Adding or changing a checking or savings account creates a prenote. To begin the enrollment process in Direct Deposit, complete this. Please complete this form, print it, sign it and take it to your employer's payroll department to request direct deposit of your paycheck. Member Name: Address:. To enroll in direct deposit for your paycheck, you can either contact your employer or download and return the direct deposit authorization form below. Complete the direct deposit form.
