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 Blank With Name In Phoenix
Category:
State:
Multi-State
City:
Phoenix
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
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City of Phoenix Employees' Retirement Systems. Direct Deposit Form – Pension Check.Please complete this form, print it, sign it and take it to your employer's payroll department to request direct deposit of your paycheck. To begin the enrollment process in Direct Deposit, complete this. To set up direct deposit, provide this completed form to your employer's payroll department. Fill in all fields below. 2. Attach voided check (no deposit slips). 3. To sign up for direct deposit, complete the application form on the next page. The form is interactive—you can complete it on your PC and print it. Setting up direct deposit with Copper State Credit Union saves you the hassle of depositing your paycheck.
