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ROGUE RIVER SCHOOL DISTRICT #35 P.O. BOX 1045 ROGUE RIVER, OR 97537AUTHORIZATION AGREEMENT FOR DIRECT DEPOSITS (ACH CREDITS) I hereby authorize ROGUE RIVER SCHOOL DISTRICT to (check one) initiate
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Direct deposit is a method of payment where funds are electronically deposited into a recipient's bank account. ACH (Automated Clearing House) is a network that facilitates electronic payments and money transfers between bank accounts.
Employers and businesses who wish to pay their employees or vendors through direct deposit are required to file direct deposit and ach.
To set up direct deposit, one must provide their bank account information to the payer and authorize the payment to be made using ACH.
The purpose of direct deposit and ACH is to provide a more convenient and efficient way of transferring funds electronically without the need for paper checks or physical cash.
Information such as the recipient's bank account number, routing number, and the amount to be deposited must be reported on direct deposit and ACH transactions.
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