Direct deposit is a process where someone who is going to be paid on a recurring basis, such as an employee, or a recipient of a government entitlement or benefit program such as social security, is sent the payment owed to them into their checking or savings account. The reasons for doing this include:
- Instant access to the funds via an ATM or check card;
- A check can be lost or stolen anywhere between the sender and the intended payee;
- Payments made electronically can be less expensive to the payor.
Direct deposit eliminates mailing delays and alleviates the need to go somewhere to cash or deposit your check.
Blank Direct Deposit Form For Nys Employees In New York
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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What Is This Form For? In signing this form, I authorize my NYS salary payment to be sent to the designated financial institution(s) to be deposited into the specified account(s), and.How do I fill this out? This functionality allows NYS employees to enroll in direct deposit and update their existing direct deposit and bank account information. Direct deposit is now an available option for the receipt of injured workers' compensation and death benefits. To enroll in Direct Deposit, please print, complete the Direct Deposit Enrollment form and submit to your campus payroll department.
