The Direct Deposit Agreement is a vital document that facilitates the electronic transfer of funds directly into an individual's bank account. This form is crucial for users in Santa Clara, including attorneys, partners, owners, associates, paralegals, and legal assistants who require prompt and secure payment methods. Key features of the form include authorizations for debit and credit entries, as well as a provision for adjustment entries, ensuring accurate accounting. Users must complete the form by providing their bank information, including the financial institution's name, routing number, and account number. Filling out the direct deposit amount per pay period is also required, along with the user's signature and social security number. Instructions emphasize the necessity of notifying both the bank and employer in writing to terminate the agreement, which becomes effective no earlier than five business days after the last cleared transaction. It is also important for users to append a voided check to verify their banking details. This form is particularly useful for legal professionals managing payroll or disbursement processes, enabling a streamlined and efficient payment method.