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Fillable Form Direct Deposit Authorization

A direct deposit authorization form is a document that states that a third (3rd) party is authorized usually as an employer for payroll, to send money to a bank account by simply using the ABA routing and account numbers.

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What is a Direct Deposit Authorization Form?

A Direct Deposit Authorization Form acts as a document that authorizes a third-party to send money to a bank account using ABA routing and account number. A third-party may be an employer that would enroll an individual in their payroll.

Direct deposit is a way to deposit money to an individual’s bank account. It is transferring money from one bank account to another. The depositor may either use cash, check, or electronic payment. Today, most businesses favor depositing using electronic payment due to their convenience and security. When adding an employee to a payroll schedule, an employer will be responsible for deductions. Deductions may be government deductions, including Federal Income Tax (FIT), Social Security, Medicare, State Tax deductions, and other local income taxes; and other essential deductions, such as Health Insurance, Retirement Plans or 401(k), and other employee-mandated deductions.

Once the direct deposit authorization form has been completed by the account holder, it must be signed and returned to the employer to start the process of direct deposit enrollment.

Setting up direct deposit can take up to a few days or weeks. Aside from completing a direct deposit authorization form, a professional may ask his or her employer what to expect next and if there are other additional documents that he or she needs to submit to complete the enrollment process. Once the enrolment is done, his or her salary will arrive in his or her bank account automatically.

If you are an employee, compared to the traditional way of physically visiting a bank to do payroll-related transactions, a direct deposit proves to be more beneficial. As soon as your pay has been processed and transferred by your employer, it goes immediately into your account without delays. In addition, you do not have to worry about misplacing or losing your paycheck, as your pay will be electronically deposited. The biggest advantage of a direct deposit transaction is its security, as such an arrangement eliminates the threat of theft.

How to Fill Out a Direct Deposit Authorization Form?

Completing all the required information is necessary for a direct authorization form to be valid and to ensure a smooth process of approval with a bank. Moreover, double-check all the information before submitting the form to avoid errors.

PDFRun has a direct deposit authorization form that you can use to enroll in and authorize a direct deposit. Follow the guide below to complete the form correctly.

Provide the following personal information:

  • Name on Account
  • Mailing Address
  • Name of Financial Institution
  • Account Number
  • Routing Number
  • Type of Account

You may attach a voided check for each bank account to which funds should be deposited, if possible, to help confirm your personal and banking information.

Include a brief statement declaring that you are allowing a direct deposit to your account.

Provide your signature and name and add the date the form was completed.

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