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In today's lesson, Teacher Pacific explains the direct deposit form, which is used for having your earnings deposited directly into your bank account instead of receiving a physical paycheck. The teacher outlines the necessary information required to complete the direct deposit authorization form. This includes providing your name, address (such as "614 Douglas Park"), city (Louisville), state (Kentucky), and zip code. These details are essential for the setup of direct deposit, ensuring that employees receive their paychecks directly into their accounts.