How to Use a Direct Deposit Authorization Form
Most banks come with a free Direct Deposit service. You can use the service to deposit funds to other accounts that you have. This way, you don’t have to only rely on your checks. Before this auto payment works, you will have to fill in a direct deposit authorization form. The form will have your account details, along with your full name, address, and the amount that you want to deposit to other accounts. It will also have your consent (your signature) stating that you agree to have the money withdrawn and deposited into other accounts. There are various benefits that you can get by using a Direct Deposit service.
With the convenience of having the money transferred into the other account, you don’t have to do it at the bank. Most of the time, the service will only take one day; this means you don’t have to wait for days for it to clear. Unlike checks, that might take days to clear. One of the many forms that people use in the United States is the social security direct deposit form. By filling in this form, deposits from their social security will go in the account straight away. Fill in the form and give your consent for the bank to deposit your money to other accounts that you chose in auto.
Direct Deposit Authorization Form Template Word – download