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Each employee must provide the following information: bank name, account type (checking or savings), bank name, account number and routing number (ABA/transit number). Employers often gather this information through a simple direct deposit authorization form.
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.
Youll need to go to the bank and get a letter with your account and routing numbers. You might be able to download a form. Most banks have direct deposit forms on their websites.
What information do I need to provide in order to set up direct deposit? Your employer or depositors name and address. Your Employee ID or account number with depositor. Your account number. Your routing/ABA number.
Pre-authorized Payment is a convenient way to automatically pay your bills from your chequing account. This form provides account information in place of a voided cheque and is used when arranging for direct deposits or pre-authorized payments.