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 Blank Phosphates In Texas
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
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Direct deposit is the electronic transfer of payments from the state of Texas directly into your checking or savings account. Please □ initiate □ change my direct deposit as indicated below: First Name.Last Name. Address. City. State. Zip. DIRECTIONS. To sign up for Direct Deposit, the payee is to read the back of this form and fill in the information requested in Sections 1 and 2. Direct deposit form, Treasury Department Standard 1199A. —This Act may be cited as the ''Tax Relief and Health Care Act of 2006''.
