The Direct Deposit Agreement is a printable form designed for users at Navy Federal in Wake to authorize the electronic transfer of funds to their bank accounts. It allows individuals to specify the employer who will initiate these transactions and provides essential details about their financial institution, including routing and account numbers. Users must sign the agreement, indicating their consent for the bank and employer to manage debit and credit entries associated with their payments, such as salaries. The form includes a provision for cancellation, detailing the required notice period for both the signer and the employer or bank. Additionally, it requires users to attach a voided check for verification purposes. This form is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who facilitate the payroll process, ensuring smooth and direct deposit for their employees or clients. It simplifies payroll operations and enhances efficiency by minimizing manual deposits and ensuring timely access to funds.