Direct Deposit Form

 Direct Deposit Agreement
The Forms Professionals Trust! ™
State:
Multi-State
Control #:
US-00416BG
Instant Download
Available formats: Word | Rich Text

Description direct deposit form fillable

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.

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