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 Check In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
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For deposits into a checking account: YOU MUST ATTACH a pre-printed unaltered blank check (or copy of check) that has been marked "VOID". Mark 'New' for the type of direct deposit account you want to establish: Main Checking, Main Savings, Other Checking, or Other. Savings. 2.Cancel reimbursement via direct deposit. My bank name is: Checking. Once filled out and signed, you can use the information to begin sending money directly into the employee's checking or savings account(s). 1. Log in to online banking. Please write VOID on a blank unsigned check and enclose it with this form. I authorize Salt Lake City Corporation and the financial institution listed below to initiate electronic deposits and,. Download a blank direct deposit template using the button above.
