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 Multiple Accounts In Virginia
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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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.Bank Name: PAYROLL SECONDARY ACCOUNT(S): If you have more than two secondary accounts, please complete an additional form. If you wish to split your direct deposits between 2 bank accounts, please use this form. Secondary Direct Deposit. Can I Use Direct Deposit for Multiple Accounts? Yes, you can use Direct Deposit for multiple bank accounts if the organization or employer allows it. Employees must either enter their direct deposit information in Employee Self. Service (ESS) or complete an Employee Direct Deposit Authorization form and. 2.) All required fields must be completed: a.
