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 Signature In Salt Lake
Category:
State:
Multi-State
County:
Salt Lake
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
More info
For deposits into a checking account: YOU MUST ATTACH a pre-printed unaltered blank check (or copy of check) that has been marked "VOID". I authorize Salt Lake City Corporation and the financial institution listed below to initiate electronic deposits and,.If you desire to have the funds transferred electronically into your checking account or savings account, please fill out the attached form. Signature. Date. Please attach a copy of a voided check below. Mark 'New' for the type of direct deposit account you want to establish: Main Checking, Main Savings, Other Checking, or Other. Savings. 2. Confused about direct deposit? Learn about authorization forms, direct deposit setup, and software that can streamline the process in this guide from Eddy. Participant's signature​. Date​. Where to return your form?
