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 For Employees In Wayne
Category:
State:
Multi-State
County:
Wayne
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
Form popularity
More info
Insert your bank institution information. Click check box: "By checking this box, I authorize Wayne State to initiate deposit to this bank account on my behalf.Social Security No. XXX-XX-. You will need the name of your financial institution, as well as your account number and routing numbers. Have a check directly deposited (electronic transfer of funds) into your Wayne Bank account. Retirees who wish to receive their monthly direct deposit statements to their email account should complete the authorization form and mail it to our office. You must fill out a new form when you change accounts or are rehired (i.e. Employee Direct Deposit Banking Authorization Form. For participation in the Direct Deposit program for payroll, please complete the Direct. You will continue to receive your paystub showing gross salary, taxes, other deductions and net pay.
