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 Nys Employees In Utah
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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How to Complete This Form. This form is fillable.If you would like to begin Direct Deposit or modify how your funds are distributed, you must complete Form AC 2772 with your banking information. Download Utah Direct Deposit Authorization template, modify and send for signing using BoloForms Signature. Obtain from your financial institution a voided check or other document showing the direct deposit routing number and account number for your account.
