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Versions | Form popularity | Fillable & printable |
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2010 | 4.8 Satisfied (32 Votes) |
Employees authorize Paylocity to deposit funds directly into their bank accounts as specified on the form.
In case of erroneous deposits, employees permit Paylocity to debit their accounts for the amount mistakenly credited.
The authorization remains effective until a written notice of termination is received by Paylocity and the bank.
Employees can distribute their paycheck across multiple accounts by completing additional forms if necessary.
The form allows employees to specify whether the account is checking, savings, or other types.
Employers are required to keep original enrollment forms on file for as long as the employee uses direct deposit and for two years thereafter.