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 Authorization Form Without Voided Check In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
More info
Some FIs even offer logged in customers the option to create prefilled Direct Deposit forms, which makes the process extra easy. You CAN call the bank and ask for help.You can go in and ask for a temporary check. They'll make the check and you write your name and information at the top left and write void across it. For additional verification, you can also ask your employees to include a voided check with their completed form. Deposit to Checking Account (Attach a voided check). Section I. To fill out this form, please provide your name, ID number, local mailing address, and your email. Direct deposit authorization forms are available online, usually through your payee's online account access, or from a local bank branch. Indicate whether the account is checking or savings. 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.
