Get the free DIRECT DEPOSIT CHANGE REQUEST - OU Federal Credit Union

DIRECT DEPOSIT CHANGE REQUEST Present the following form to your employer to move your direct deposit from your old financial institution to OF Federal Credit Union.

How to fill out direct deposit change request

How to fill out a direct deposit change request:

1. Obtain the necessary form: Contact your employer or payroll department to request the direct deposit change request form. It may also be available online through your company's HR portal or website.
2. Personal information: Provide your personal details such as your full name, employee identification number, social security number, and contact information. Make sure to double-check the accuracy of the information.
3. Current direct deposit details: Fill in the section that asks for your current direct deposit information. This includes the name of your current financial institution, the account number, and the routing number. Ensure that the information is correct to avoid any delays or errors.
4. New direct deposit information: In the following section, enter the details of the new bank account or financial institution where you want your direct deposits to be sent. Include the full name of the institution, the new account number, and the routing number. Again, verify these details for accuracy.
5. Authorization: Read the authorization statement carefully before signing and dating the form. By doing so, you are granting your employer permission to make the necessary changes to your direct deposit information. Failure to sign the authorization may result in your request being rejected or delayed.
6. Submitting the form: Depending on your company's procedures, you may need to submit the completed form in different ways. It could be through electronic means, such as scanning and emailing the form, or physically handing it in to your HR or payroll department. Follow the instructions provided on the form or contact your employer for guidance.

Who needs a direct deposit change request?

Employees who wish to have their salary, wages, or other payments deposited directly into a different bank account than their current one need to submit a direct deposit change request. This could be due to various reasons, such as changing financial institutions, switching payroll providers, or opening a new account. It is an essential step to ensure that funds are deposited accurately and securely.

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