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 With Check In Virginia
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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How do I sign up for Direct Deposit? Or you can print and complete the appropriate direct deposit form available on our website.Check with your employer to find out what form(s) are required. Your net pay will be going to the Financial Institution Name listed. 2. Indicate whether the account is checking or savings. In signing this form, I authorize my payment be sent to the financial institution named below to be deposited to the designated account. Signature. Date. 2.) All required fields must be completed: a. You don't need to complete this form if you had direct deposit in the last year and your bank account information hasn't changed.) Employee Information.
