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STUDENT EMPLOYEE PAYROLL DIRECT DEPOSIT AUTHORIZATION FORM Direct Deposit is an option offered by Boston University to have your weekly pay automatically deposited into your checking or savings account.
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How to fill out bdirect depositb authorization bformb

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How to fill out direct deposit authorization form:

01
Start by obtaining the direct deposit authorization form from your employer or financial institution. This form is usually provided by your employer when you first join the company or when you want to switch from paper checks to direct deposit.
02
Fill in your personal information accurately on the form. This generally includes your full name, address, contact number, and employee identification number. Make sure to double-check the accuracy of the information provided.
03
Input your bank information. This section requires you to provide the name of your bank, its address, and the routing number. The routing number is a nine-digit code specific to your bank, which can usually be found on your bank's website or by contacting the bank directly. Provide your bank account number as well.
04
Select the account type. Indicate whether you have a checking or savings account. This information allows your employer to deposit funds into the correct account.
05
Determine the amount or percentage you wish to be deposited. You can choose to deposit your entire paycheck or a specific percentage of it. Some employers may also allow you to split your direct deposit into different accounts.
06
Read and sign the authorization form. Make sure you understand and agree to the terms and conditions stated on the form before signing it. By signing, you are giving your employer permission to deposit your earnings directly into your designated bank account.

Who needs direct deposit authorization form:

01
Employees: If you work for a company that offers direct deposit as a payment option, you will typically need to fill out a direct deposit authorization form. This ensures that your earnings are securely deposited into your bank account without the need for physical checks.
02
Employers: Employers might require their employees to fill out direct deposit authorization forms as part of their payroll process. This allows companies to efficiently transfer funds to their employees' bank accounts, reducing the hassle of distributing physical checks and minimizing the risk of lost or stolen payments.
03
Individuals receiving regular payments: Direct deposit authorization forms can also be used by individuals who receive regular payments from sources other than an employer. This can include government benefits, pensions, or any other recurring income. Providing your bank account details via a direct deposit authorization form ensures that your payments are efficiently deposited into your account on time.
Overall, filling out a direct deposit authorization form benefits both employees and employers by streamlining the payment process and providing a convenient and secure method for receiving regular income.

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