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 Without Voided Check In Texas
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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Learn how you can set up direct deposit without a voided check. Please â–¡ initiate â–¡ change my direct deposit as indicated below: First Name.Last Name. Address. City. State. Zip. Do I need a voided check to set up direct deposit? No. You do not need a voided check to set up direct deposit. Use a blank check and right VOID on the signature line. Some organizations may request a voided check as proof of your bank account information. If required, attach a voided check to the form. When you turn in the agreement form, please be sure to attach a voided check for the account you have indicated on the form. Complete the direct deposit form.
