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DIRECT DEPOSIT CANCELLATION
IMPORTANT:
IF YOU EVER WORKED FOR PLANETS IN THE PAST AND WERE SET UP
WITH DIRECT DEPOSIT, THAT DIRECT DEPOSIT ACCOUNT INFORMATION IS
STILL ACTIVE IN OUR PAYROLL SYSTEM.
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How to fill out direct deposit cancellation

How to fill out direct deposit cancellation:
01
Obtain the direct deposit cancellation form from your bank or financial institution. This form may also be available online on their website.
02
Fill out your personal information, such as your name, address, and contact details, in the designated spaces on the form.
03
Provide your bank account information, including the account number and the routing number.
04
Indicate the reason for canceling the direct deposit. This could be due to a change in employment, closing the associated account, or any other reason.
05
Sign and date the form to confirm your request for cancellation.
06
Submit the completed form to your bank or financial institution. You may need to deliver it in person, mail it, or submit it electronically through their website or mobile app.
Who needs direct deposit cancellation?
Direct deposit cancellation may be needed by individuals who want to stop receiving funds through direct deposit into their bank account. This could be applicable in various situations, such as changing jobs and switching to a different payment method, closing an account that is being used for direct deposit, or simply deciding to discontinue the direct deposit service. It is important to consult with your bank or financial institution to understand their specific policies and procedures for cancelling direct deposit.
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What is direct deposit cancellation?
Direct deposit cancellation is the process of stopping electronic funds transfers, typically from an employer, into an individual's bank account.
Who is required to file direct deposit cancellation?
Any individual who wants to stop receiving payments through direct deposit is required to file a direct deposit cancellation.
How to fill out direct deposit cancellation?
To fill out a direct deposit cancellation, you typically need to contact your employer or the organization making the deposits and follow their specific instructions or fill out a cancellation form provided by them.
What is the purpose of direct deposit cancellation?
The purpose of direct deposit cancellation is to cease the automatic transfer of funds into an individual's bank account and choose an alternative payment method.
What information must be reported on direct deposit cancellation?
The specific information required to report on a direct deposit cancellation may vary, but it usually includes the individual's name, bank account number, routing number, and the reason for cancellation.
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