Ratify Digisign Direct Deposit Authorization PDF For Free

A direct deposit authorization form is a form that employees fill out to authorize their employer to deposit money straight into their bank account. Direct deposit is the standard method most businesses use for paying employees.

A direct deposit authorization form authorizes a third party, usually an employer for payroll, to send money to a bank account. Typically, an employer requesting authorization will require a voided check to ensure that the account is valid.

A direct deposit authorization form is a form that employees fill out to authorize their employer to deposit money straight into their bank account. Direct deposit is the standard method most businesses use for paying employees.

Updated September 14, 2023. A direct deposit authorization form authorizes a third party, usually an employer for payroll, to send money to a bank account. Typically, an employer requesting authorization will require a voided check to ensure that the account is valid.

Each employee needs to provide the following information: bank name, account type, account number and routing number. Some states also require employees to sign a consent form before their employer can switch them to direct deposit.

The Direct Deposit Effective Date is the date that the bank is to enact the direct deposit transactions. Usually the Effective Date is the same as the Check Date.

Once filled out and signed, you can use the information to begin sending money directly into the employee's checking or savings account(s). This authorization form is critical for organizations to utilize the efficiency of direct deposit, as well as to stay legally compliant in their payroll.