How to Set Up Direct Deposits

To set up direct deposits, you need to complete a Direct Deposit Authorization Form.  Direct deposits refer to automatic, electronic payments (of a salary, for example) to a personal account. Not only are direct deposits quick and convenient, they can prevent checks from being lost or bounced. Using a Direct Deposit Form, employees can approve, cancel or update payments from an employer, state agency or other payer. Payments can also be easily divided between multiple accounts, such as checking and savings.

The following information is needed in order to set up direct deposits (for example, with an employer):

• Social security number
• Bank routing number (such as on a voided check)
• Bank account number

With a Direct Deposit, rather than receiving a physical paycheck, employees receive a paystub from the employer stating how much was deposited into their account(s).

It's easy to complete a Direct Deposit Form online with RocketLawyer.com.

Laws on this topic may vary from state to state. This content is not meant to provide you with complete information and it is not intended to be legal or tax advice. It is recommended that you consult with your own attorney, accountant or other advisor regarding your specific situation.