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AUTHORIZATION AGREEMENT FOR DIRECT DEPOSIT PAYROLL hereby authorize the HILLSBORO CITY SCHOOL DISTRICT hereinafter called DISTRICT, to initiate electronic entries in my:FINANCIAL INSTITUTION NAME
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Direct deposit payroll is a method of paying employees by electronically transferring their salaries directly into their bank accounts.
Employers who choose to pay their employees through direct deposit are required to file for direct deposit payroll.
Employers can fill out for direct deposit payroll by setting up a direct deposit system with their bank and collecting their employees' bank account information.
The purpose of direct deposit payroll is to provide a convenient and secure way for employees to receive their salaries without the need for paper checks.
Information such as employee name, bank account number, routing number, and amount to be deposited must be reported on for direct deposit payroll.
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