Guide to Setting Up Direct Deposits
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Information Required to Set Up Direct Deposit
Your Bank’s Routing Number
Your Account Number
The Type of Account
The Mailing Address of Your Bank
A Voided Check
Other Information You Might Need
Steps for Setting up Direct Deposit
Ask your employer for the direct deposit form. This may be a paper form or you may be able to access the form online through your employer’s benefits portal. If your employer doesn’t have a form, you may be able to get a from your bank; these are often available online and may be prefilled with all of your account information. Fill out the form. You’ll likely need to provide most or all of the information listed above. If you get the form from your bank, you’ll need to fill in your employer information. Choose a deposit amount. This is typically the amount of your paycheck. However, you may be able to split your pay up. You might want most of it to go into your checking account and a smaller portion to go into a high-yield savings account to take advantage of a higher annual percentage yield (APY). Attach a voided check if required. Even though you provided all of your account information, you may be asked to attach (or, if you’re signing up electronically, scan) a voided check. You may also have the option of attaching or scanning a deposit slip. Submit the form. If it’s online, you’ll simply hit a button labeled something like “complete” or “submit.” If it’s a physical piece of paper, you’ll want to be sure you give it directly to someone from payroll or human resources since the form contains sensitive information.
How Long Does Setting up Direct Deposits Take?
Confirming if Your Direct Deposit Is Set Up Correctly
Frequently Asked Questions
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