Get the free Payroll Direct Deposit Authorization form - Drexel University - drexel

DIRECT DEPOSIT AUTHORIZATION Reset Form For Payroll and Employee Expense Reimbursements Submit this form to: Payroll Department 3201 Arch Street, Suite 400 Tel (215) 895-2885 Fax (215) 895-1615 or

How to fill out payroll direct deposit authorization

How to fill out payroll direct deposit authorization:

1. Obtain the necessary form: Contact your employer's HR department or payroll department to request the payroll direct deposit authorization form. You may also find the form on your company's intranet or HR portal.
2. Provide personal information: Fill in your full name, employee identification number (if applicable), and contact details such as your address, phone number, and email address.
3. Specify bank account information: Enter the routing number and account number of the bank where you would like your paychecks to be deposited. Double-check these numbers to ensure accuracy.
4. Choose the account type: Indicate whether the account is a checking or savings account. This information is necessary for proper crediting of your pay.
5. Attach a voided check or deposit slip: Some employers may require you to include a voided check or a deposit slip from your chosen bank account. This will help verify the account details and ensure the correct account is credited.
6. Select the allocation amount: If desired, you can choose to allocate a certain percentage or specific dollar amount of your paycheck to different accounts. For instance, you may want a portion of your pay to be deposited into your savings account and the rest into your checking account.
7. Sign and date the form: Ensure that you read and understand the terms and conditions provided on the form. Then, sign and date it as an acknowledgment of your authorization.

Who needs payroll direct deposit authorization:

1. Employees: Most employees who receive regular paychecks are typically required to complete a payroll direct deposit authorization. By providing this authorization, employees enable their employer to deposit their wages directly into their bank account rather than issuing paper checks.
2. Employers: Employers often prefer direct deposit as it offers convenience and cost savings in terms of printing, distributing, and reconciling paper checks. Payroll direct deposit authorization allows employers to streamline their payroll processes and ensure timely and accurate wage deposits.
3. Financial institutions: Payroll direct deposit authorization is also essential for financial institutions, as it establishes a relationship between the employer, employee, and the bank. This authorization ensures that the correct funds are transferred to the specified account and helps prevent fraudulent activity.

In summary, filling out a payroll direct deposit authorization requires providing personal and bank account information, choosing an account type, and signing the form. This authorization is typically required by both employees and employers to facilitate efficient and secure wage payments.

For pdfFiller’s FAQs

What is payroll direct deposit authorization?

Payroll direct deposit authorization is a form that allows an employer to deposit an employee's paycheck directly into their bank account.

Who is required to file payroll direct deposit authorization?

All employees who wish to have their paychecks deposited directly into their bank account must file a payroll direct deposit authorization.

How to fill out payroll direct deposit authorization?

To fill out a payroll direct deposit authorization, an employee must provide their bank account information and sign the form.

What is the purpose of payroll direct deposit authorization?

The purpose of payroll direct deposit authorization is to provide a convenient and secure way for employees to receive their paychecks.

What information must be reported on payroll direct deposit authorization?

The information that must be reported on a payroll direct deposit authorization includes the employee's bank account number, routing number, and signature.

When is the deadline to file payroll direct deposit authorization in 2023?

The deadline to file payroll direct deposit authorization in 2023 is typically set by the employer, but it is usually before the first paycheck is issued.

What is the penalty for the late filing of payroll direct deposit authorization?

The penalty for the late filing of payroll direct deposit authorization may vary depending on the employer's policies, but it could result in delayed payment of wages.

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