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 Virginia
Category:
State:
Multi-State
Control #:
US-00416BG
Format:
Word;
Rich Text
Instant download
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Employees must either enter their direct deposit information in Employee Self. Service (ESS) or complete an Employee Direct Deposit Authorization form and.2.) All required fields must be completed: a. This document will create a form for employees to fill out to create, cancel, or change their direct deposit. Then take or mail the form to your payroll office. Provide First and Last Name. 2. Obtain a Direct Deposit Authorization Form from your employer or the organization responsible for payments. I authorize the County of Fairfax, Virginia and the Depository listed above to deposit my net pay automatically into my account each payday. Use your Net ID to access and download the blank Employee Direct Deposit Authorization form. DIRECTIONS. To sign up for Direct Deposit, the payee is to read the back of this form.
