Get the free DIRECT DEPOSIT AUTHORIZATION FORM - University of Dayton - udayton

Payroll Office 300 College Park Dayton, OH 454691643 Phone: (937) 2292949 Fax: (937) 2293816 DIRECT DEPOSIT AUTHORIZATION FORM Please check: New Account Change Accounts Add Accounts Stop Additional

How to fill out direct deposit authorization form

How to fill out a direct deposit authorization form:

1. Obtain the direct deposit authorization form from your employer or financial institution. It can usually be found on their website or requested from their HR department.
2. Fill in your personal information accurately and legibly. This typically includes your full name, address, social security number, and contact information.
3. Provide your bank details. You'll need to include your bank's name, routing number, and your checking or savings account number. Make sure to double-check these details to avoid any errors.
4. Indicate the type of account you have, whether it's a checking or savings account. This is usually a simple box that needs to be checked.
5. Determine the amount or percentage of your paycheck you want to be directly deposited into your account. Often, there is a section where you can specify whether you want the entire paycheck amount deposited or a specific percentage.
6. Sign and date the form. By signing, you are authorizing your employer or financial institution to deposit your funds directly into your chosen bank account.
7. Retain a copy of the form for your records. It's always a good idea to keep a copy of any documents you submit for reference purposes.

Who needs a direct deposit authorization form:

1. Employees: If you are an employee and want to have your wages directly deposited into your bank account, you will need to submit a direct deposit authorization form to your employer. This allows them to transfer your earnings electronically, eliminating the need for paper checks.
2. Employers: Companies often require their employees to complete direct deposit authorization forms so they can streamline their payroll processes. This saves time and money by eliminating the need for physical checks and reducing the risk of lost or stolen checks.
3. Recipients of government benefits: Individuals who receive government benefits may need to complete a direct deposit authorization form to have their payments, such as Social Security or disability benefits, deposited directly into their bank accounts. This eliminates the need for paper checks, making the process more efficient and secure.
4. Individuals receiving regular payments: If you regularly receive payments from sources such as pensions, annuities, or rental income, you may be required to complete a direct deposit authorization form. This allows the funds to be deposited directly into your bank account, ensuring a timely and convenient transfer.

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