If you offer direct deposit to your employees, you can use a Direct Deposit Form to set up regular payments. Your employees can choose which bank the money goes to. The deposit form also provides the option of dividing the deposit into multiple accounts. In addition, if they move to a new bank, that too can be adjusted using the Direct Deposit Form, which helps you ensure that your employees are paid regularly, and on time.
A Direct Deposit form can be used to authorize, cancel or update direct deposit payments from an employer, state agency or other payer into an employee's checking, savings or other financial account. Because paper checks are no longer common, a Direct Deposit Form is a useful tool when organizing your payroll. It's important that your business runs smoothly, and that your employees get paid on time.
Interested in learning about necessary employment practices and forms? Check out our HR Guide for more information.
Other names for this document: Direct Deposit Authorization Form, Employee Direct Deposit Form, Payroll Direct Deposit Form
More than just a template, our step-by-step interview process makes it easy to create a Direct Deposit Form.
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Our step-by-step interview process makes creating a printable Direct Deposit Form easy.