Illinois Direct Deposit Authorization
Description
How to fill out Direct Deposit Authorization?
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FAQ
No, you do not need your bank's approval or signature for direct deposit. All you will need is your bank routing number and your account number, which are listed at the bottom of every check. (Note: Do not use numbers from the bottom of a deposit slip.
Direct Deposit allows State of Illinois payees to electronically receive their payments. Vendors opt for Direct Deposit because they get their money in the bank account faster than waiting for a hardcopy check to be printed and delivered through the mail.
Direct deposit is a popular and convenient way for people to send and receive payment. For payers, it cuts down any expenses related to check-writing, postage, and administration. For payees or recipients, it eliminates the risk of losing a physical check along with the need to visit a bank in person to make a deposit.
Direct deposit authorization forms authorize employers to send money directly into an individual's bank account. In times past, employers would print out and distribute physical checks on pay day for each employee to deposit into their bank accounts themselves.
Direct deposit payments are transferred directly from the State of Idaho to your preferred bank account. This mitigates the potential for forged, lost or stolen warrants. Cancelling and reissuing a warrant in response to these issues can delay payment by several days.
How to Set Up Direct DepositGet a direct deposit form from your employer.Fill in account information.Confirm the deposit amount.Attach a voided check or deposit slip, if required.Submit the form.
One of the biggest benefits of direct deposit is that it happens very quickly, usually one to three days but sometimes up to five business days. This varies depending on who is actually sending the funds and may even get faster in the future. (Learn more about transferring money from one bank to another.)
To receive payments, you'll need to provide the details below to the organization that will be paying you.Bank account number.Routing number.Type of account (typically a checking account)Bank name and addressyou can use any branch of the bank or credit union you use.Name(s) of account holders listed on the account.
