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 Document For Editing In Wake
Category:
State:
Multi-State
County:
Wake
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
More info
Download a blank direct deposit template using the button above. Filling out and submitting Direct Deposit Form：.Direct Deposit Authorization Form (PDF, MS Word, Open Document Text). 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. 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. A Direct Deposit Authorization Form acts as a document that authorizes a third party to send money to a bank account using ABA routing and account number.
