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 Signature In Virginia
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
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Bring this completed form and a voided or cancelled check or a bank letter of verification on its letterhead or a recent bank statement,. Bank Name: PAYROLL SECONDARY ACCOUNT(S): If you have more than two secondary accounts, please complete an additional form.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. 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. 2.) All required fields must be completed: a. In signing this form, I authorize my payment to be sent to the financial institution named above, to be deposited to the designated account. 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. Complete Sections 1 and 2 of the Direct Deposit Authorization Form. Attach a voided check or bank documentation.
