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 Employees In Wayne
Category:
State:
Multi-State
County:
Wayne
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
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You will need the name of your financial institution, as well as your account number and routing numbers. Social Security No. XXX-XX-.In order to process a Payroll Direct Deposit request the employee must do the following: 1. Provide First and Last Name. 2. Have a check directly deposited (electronic transfer of funds) into your Wayne Bank account. To participate in Direct Deposit: 1. Fill out and sign the attached Request for Direct Deposit of Payroll. 2.
