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 Authorization Form From Bank Of America In Utah
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
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Complete a direct deposit form. Provide the form to your employer's payroll office.Check with your employer's payroll office, you may be able to set up your direct deposit through an online portal. If not: Complete a direct deposit form. Use the ABA routing number from the state where your account was opened. Fill Out the Form: Complete the form with the required information, which typically includes your account details and the source of the direct deposit (e.g. It's a pretty easy process and it's handled here on the Bank of America website and you don't even need to log in to get your direct deposit form. This form will allow the ability to set up a direct deposit across three Accounts however, it is worth noting, that not every employer will provide this option.
