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 Blank With Chase In Virginia
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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Download a direct deposit form now! Complete this form, then print it, sign it and take it to your employer's payroll department to request direct deposit of your paycheck.Customer name. Address. DIRECTIONS. To sign up for Direct Deposit, the payee is to read the back of this form and fill in the information requested in Sections 1 and 2. You can choose to get your VA pension payments, disability compensation, and education payments through direct deposit. Employees must complete and submit an Employee Direct Deposit Authorization form to their agency Payroll. Administrator to keep on file. Click or tap on "Set up direct deposit form". How do I sign up for Direct Deposit? You'll also need a form of payment to purchase the money order.
