Get the free Direct Deposit Authorization

This document authorizes Assurity Life Insurance Company to initiate credit entries to the policyowner\'s designated bank account for direct deposits.

How to fill out direct deposit authorization

How to fill out direct deposit authorization

1. Obtain a direct deposit authorization form from your employer or financial institution.
2. Fill in your personal information, including your name, address, and phone number.
3. Provide your bank account information, including the bank's name, routing number, and your account number.
4. Indicate the type of account (checking or savings).
5. Specify the amount or percentage of your paycheck you want to be deposited.
6. Review the information for accuracy.
7. Sign and date the form.
8. Submit the completed form to your employer or payroll department.

Who needs direct deposit authorization?

1. Employees receiving wages or salary from an employer.
2. Individuals receiving government benefits or payments.
3. Freelancers or contract workers getting paid for their services.
4. Anyone who prefers a secure and convenient way to receive payments directly to their bank account.

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What is direct deposit authorization?

Direct deposit authorization is a permission given by an individual to allow their employer or another payer to deposit funds directly into their bank account instead of issuing a paper check.

Who is required to file direct deposit authorization?

Typically, employees receiving salary or wage payments, government benefit recipients, and individuals receiving pensions or annuities are required to file direct deposit authorization.

How to fill out direct deposit authorization?

To fill out direct deposit authorization, individuals need to obtain the authorization form from their employer or payer, provide their bank account details (such as account number and routing number), indicate the type of account, and submit the form as instructed.

What is the purpose of direct deposit authorization?

The purpose of direct deposit authorization is to streamline the payment process by ensuring that funds are directly transferred into a designated bank account, which reduces the likelihood of lost or stolen checks and ensures faster access to funds.

What information must be reported on direct deposit authorization?

Information that must be reported on direct deposit authorization typically includes the individual’s name, bank account number, routing number, type of account (checking or savings), and sometimes the name and address of the bank.