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.
Direct Deposit Form Document For Employees In Utah
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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Agreement for Payroll Direct Deposits, Form FI 21, available electronically from finance.utah.gov. 1. Complete Form FI 21: • Sign and date the form.Obtain from your financial institution a voided check or other document showing the direct deposit routing number and account number for your account. This authorization form is critical for organizations to utilize the efficiency of direct deposit, as well as to stay legally compliant in their payroll. Download Utah Direct Deposit Authorization template, modify and send for signing using BoloForms Signature. Complete the form and sign in the appropriate section. This document will create a form for employees to fill out to create, cancel, or change their direct deposit. How do I sign-up for Direct Deposit? Please fill out the Direct Deposit form and submit the original, signed form to the payroll office. Fill in the details for your new template.
