A direct deposit form is used to permit a third party to deposit money into your bank account. The form is usually intended for a payee to send to the payer. Payers are normally a company’s payroll, an employer, or someone like the IRS.
Check out the direct deposit form below:
What is a Direct Deposit Form?
A direct deposit authorization form aims to allow small businesses to automate deposits into the desired bank account.
Alongside the personal information, the form also asks for the payee’s bank details so they can regularly receive the payments. Some third parties may ask you to attach a void check to confirm these details.
