Get the free Payroll Direct Deposit Authorization (Electronic Funds Transfer) - mi

You can add, change, and revoke direct deposits online in MI HR Self-Service. (www.mi.gov/selfserv); complete paper form only if you are unable to access.

How to fill out payroll direct deposit authorization

How to fill out payroll direct deposit authorization:

1. Obtain the direct deposit form: Contact your employer's human resources department or payroll department to request a copy of the payroll direct deposit authorization form. They may provide it to you digitally or in paper format.
2. Fill in personal information: Enter your full name, home address, email address, and phone number in the designated fields on the form. Make sure to provide accurate information to avoid any payment complications.
3. Provide your bank details: Fill in the necessary banking information, such as the name of your bank, its routing number, and your account number. You can usually find this information on your checks or by contacting your bank directly.
4. Indicate whether it's a checking or savings account: Check the appropriate box on the form to confirm whether the provided bank account is a checking or savings account.
5. Choose the deposit amount: Specify the amount or percentage of your paycheck that you would like to be directly deposited into your bank account. You can opt to deposit the full amount or a specific portion, depending on your preferences.
6. Confirm with a voided check: Attach a voided check or a bank-issued direct deposit form that contains your account information. This helps employers verify the accuracy of the details provided and ensures that the funds are properly deposited.
7. Read and sign the form: Carefully review the entire payroll direct deposit authorization form, ensuring that all the information provided is correct. Sign and date the form to authorize your employer to initiate direct deposits to your bank account.

Who needs payroll direct deposit authorization:

1. Employees: Most employees who wish to receive their salary directly into their bank account will need to complete a payroll direct deposit authorization. This form allows the employer to securely transfer funds, eliminating the need for physical checks.
2. Employers: Employers also need payroll direct deposit authorization forms to process payroll efficiently. By collecting employees' banking information through this form, employers can accurately and promptly deposit wages into their employees' bank accounts.
3. Independent contractors: Some independent contractors may also require payroll direct deposit authorization if they have agreed upon a direct deposit payment method with their clients. This form allows contractors to receive their earnings electronically, improving convenience and speed of payment.

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What is payroll direct deposit authorization?

Payroll direct deposit authorization is the process of giving permission to an employer to deposit an employee's salary directly into their bank account.

Who is required to file payroll direct deposit authorization?

All employees who wish to receive their salary through direct deposit are required to file payroll direct deposit authorization.

How to fill out payroll direct deposit authorization?

To fill out payroll direct deposit authorization, employees need to provide their bank account information, such as account number and routing number, to their employer.

What is the purpose of payroll direct deposit authorization?

The purpose of payroll direct deposit authorization is to streamline the payment process for both employers and employees, eliminating the need for paper checks.

What information must be reported on payroll direct deposit authorization?

Employees must report their bank account information, as well as their full name and employee ID number, on the payroll direct deposit authorization form.