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 Multiple Accounts In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
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You may designate up to three 'OTHER' accounts provided you designate a 'MAIN' account. Can my Direct Deposit can be split up amongst multiple accounts?Send all qualified reimbursements to the account listed below. Cancel reimbursement via direct deposit. Complete this form and submit it to your employer to start using Direct Deposit, or change an existing Direct Deposit arrangement. Fill in the details for your new template. Include Source Account, Description, and default amounts for each recipient who should be included.
