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 For Employees In Travis
Category:
State:
Multi-State
County:
Travis
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
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To enroll in Travis Credit Union's Direct Deposit program through your employer, please click the "Download Form" button and return it to your payroll office. In order to process a Payroll Direct Deposit request the employee must do the following: 1.Provide First and Last Name. 2. To enroll in Direct Deposit, simply fill out this form and give to Human Resources. Attach a voided check for each checking account - not a deposit slip. This form must be submitted to Human Resources, allow up to 10 business days for processing. Complete and present this form to your employer. This authorizes your employer to deposit all or a portion of your payroll to your account at TCCU.
