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 Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
More info
If you would like to begin Direct Deposit or modify how your funds are distributed, you must complete Form AC 2772 with your banking information. Download a blank direct deposit template using the button above.Allows the payee to have payment allocated to multiple accounts. No more lost or stolen paychecks. Bank Name: PAYROLL SECONDARY ACCOUNT(S): If you have more than two secondary accounts, please complete an additional form. ✓ This form will override all other direct deposit authorization forms. The nice thing about Wells Fargo is they will provide a direct deposit form and they will automatically input your information with just a few steps. Usually if that is the question, the company wants to know who owns the account. If it's just you then yes, they just want your name. This form must be submitted prior to the end of the pay period.
