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.
Blank Direct Deposit Form For Work In Virginia
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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This document will create a form for employees to fill out to create, cancel, or change their direct deposit. In order to process a Payroll Direct Deposit request the employee must do the following: 1.Provide First and Last Name. 2. 2.) All required fields must be completed: a. SECTION 1 information to complete: A. Your Name, Address and Telephone Number. Direct Deposit Form. (Please complete this form if you are a new FBA participant or if your bank account information has changed in the past year. INSTRUCTIONS: Enrollment in direct deposit, complete this form and submit back to your hiring department. Download Virginia Direct Deposit Authorization template, modify and send for signing using BoloForms Signature.
