In present times, online bank transactions have become the most comfortable way of making payments. Companies are using direct net pay deposits to compensate their employees in the easiest way possible. But to make that happen, companies require a formal consent from their employees. It is an authorization by the employee to the company for making direct online pay deposits to employees’ bank accounts. For this purpose, payroll direct deposit forms are to be filled and signed.
A payroll direct deposit form gives complete authority to the company to make online net pay deposits and also for making any other flat amount deposits in the bank account of their employees. Usually, these payroll direct deposit forms are signed at the time of employment by the HR department. Companies need to fill in these forms before making any bank transactions into the accounts of the employees as this works as the formal consent from the employees. Such forms contain complete detail in relation with employee, his bank details along with signatures to give the authority.
Given below is a sample payroll direct deposit form given for your reference. This payroll direct deposit template comes in MS Word and in Editable PDF which is easy to download and customize to meet your requirements to the best possible levels.
Payroll Direct Deposit Form
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