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.
Kansas Direct Deposit Agreement
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
Description
How to fill out Direct Deposit Agreement?
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FAQ
You can check the status of your claim, including the payment issue date, in your online Get Kansas Benefits account. If your online account indicates that payment has been issued, but you have not received the funds, please contact your financial institution.
Complete a direct deposit form yourselfDownload the form (PDF)Locate your 9-digit routing and account number - here's how to find them.Fill in your other personal information.Give the completed form to your employer.
A bank deposit agreement, also called a Bank Investment Contract (BIC), is an agreement between a bank and an investor where the bank provides a guaranteed rate of return in exchange for keeping a deposit for a fixed amount of time (usually several months to several years).
The KPC will deposit your payment on the date that funds are received from your financial institution or credit card company. Normally, funds are received at the KPC two or three business days after the Payment Date you chose for the KPCpay transaction.
Payroll payments are an example of direct deposits. Employers can send funds to their employees' bank accounts on payday without delay or the risk of losing checks in the mail. Recipients also benefit from direct deposits, as the money is automatically added to their account balance with no action required.
What is a Direct Deposit Authorization Form? 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.
Those who are eligible should receive payments Thursday or Friday via direct deposit. Claimants who selected to receive their benefits on a debit card that they did not previously have they should receive it within seven to 10 days.
How do I set up direct deposit? Log in to your account on GetKansasBenefits.gov and select Payment Options. Select direct deposit and fill out the required banking information.
When will I be paid? If there are no issues on your claim, payments are normally received two to three business days after you file your weekly claim. Please note: If you file your weekly claim on Sunday or Monday, the payment is typically issued on Tuesday. Allow 2 - 3 business days for payments to be deposited.
Important Reminder: It can take more than one week after processing the first payable week for you to receive your debit card. If a claimant selects debit card but has a previous debit card from filing for UI before, the payments may be loaded to the old card.
