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IBEX LOCAL 595 TRUST FUNDSDIRECT DEPOSIT DESIGNATION Name of Payee SSN Address Phone City State Zip Code I, the undersigned, hereby authorize the Board of Trustees of the IBEX Local No. 595 Pension

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How to fill out direct deposit designation

01

Step 1: Obtain the direct deposit form from your employer or financial institution.

02

Step 2: Fill out your personal information, including your name, address, and contact information.

03

Step 3: Provide your bank account details, such as the account number and routing number.

04

Step 4: Specify the amount or percentage of your paycheck you want to be directly deposited.

05

Step 5: Sign and date the form.

06

Step 6: Submit the completed form to your employer or financial institution.

Who needs direct deposit designation?

01

Anyone who receives regular payments or earnings, such as employees, retirees, or individuals receiving government benefits, can benefit from direct deposit designation.

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What is direct deposit designation?

Direct deposit designation is a method of payment where an employee's wages are deposited directly into their bank account.

Who is required to file direct deposit designation?

All employees who wish to receive their wages via direct deposit are required to file direct deposit designation.

How to fill out direct deposit designation?

Employees can typically fill out a direct deposit form provided by their employer, which includes bank account information.

What is the purpose of direct deposit designation?

The purpose of direct deposit designation is to provide a convenient and secure way for employees to receive their wages.

What information must be reported on direct deposit designation?

Employees must report their bank account number, routing number, and account type on the direct deposit designation form.

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