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 Document For Chase In Texas
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State:
Multi-State
Control #:
US-00416BG
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Word;
Rich Text
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Com or the Chase Mobile app and selecting your checking account. To request direct deposit of your paycheck from Chase Bank, complete and sign the Direct Deposit Request Form, then submit it to your employer's payroll department with your account information.To set up direct deposit with Chase, sign in, tap "Account," swipe up, tap "Set up direct deposit form," check details, and download the form. Use this form to set up direct deposit of paychecks and other income from investments, pensions, and more.
