This authorization form is critical for organizations to utilize the efficiency of direct deposit, as well as to stay legally compliant in their payroll. What Is This Form For?1. Complete Section 1 with your personal information. Direct deposit is a payment method of wages where the employer electronically transfers funds into the employee's checking or savings account. This guide will cover the basics of setting up direct deposit, including all the necessary steps for providing a smoother payroll experience. All of the DEEOIC online forms are available to print and then manually fill and submit.