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iPS Direct Deposit Enrollment

This document is an employee direct deposit application. It instructs employees to complete personal information and banking details to set up direct deposit for pay. Employees are asked to provide account and routing numbers for either a checking or savings account, and to specify what percentage or amount of pay should be deposited. By signing, the employee authorizes their employer to deposit funds into the specified account and allows the employer to recover any funds deposited in error.

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David Freiheit
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142 views

iPS Direct Deposit Enrollment

This document is an employee direct deposit application. It instructs employees to complete personal information and banking details to set up direct deposit for pay. Employees are asked to provide account and routing numbers for either a checking or savings account, and to specify what percentage or amount of pay should be deposited. By signing, the employee authorizes their employer to deposit funds into the specified account and allows the employer to recover any funds deposited in error.

Uploaded by

David Freiheit
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Employee Direct Deposit Application

Employee Instructions:
1. Complete the Employee information section
2. Complete the Direct Deposit section to specify where you want your pay deposited.
3. Sign the bottom of the form.
4. Retain a copy of this form. Return the original to your employer along with a copy of a voided check. Please do not
send deposit tickets as they often do not have the required information. If this is a savings account, please obtain from
your bank a letter stating the routing and account number.

Employee Information Employer Information

Please print ______Date entered for employee net pay detail


Employee Name ____________________________

Social Security # _____-___-_______

Banking Information
I would like my wages/salary deposited to the following bank account(s):

Checking Savings
□ Checking □ Savings
Bank Name ____________________________ Bank Name ____________________________
(Attach a void check, bank letter, or specification sheet. (Attach only a bank letter or specification sheet.
Deposit tickets not accepted) Deposit tickets not accepted)

I wish to deposit (check one): I wish to deposit (check one):


□ Entire Net Pay □ Entire Net Pay
□ ______% of Net Pay □ ______% of Net Pay
□ $____.__ (specific dollar amount) □ $____.__ (specific dollar amount)

I hereby authorize my employer, ____________________________________ to deposit any amounts owed me by initiating credit entries to
my account at the financial institution indicated above. Further, I authorize my bank to accept and to credit any credit entries indicated by my
employer to my account. In the event that my employer deposits funds erroneously into my account, I authorize my employer to debit my
account for an amount not to exceed the original amount of the erroneous credit.
For my convenience, I request that Integrated Payroll Services (IPS) directly deposit my wages/salary earned from my employer, into my
bank account. I understand that deposit of my earnings into my account by IPS may be an advance of funds on behalf of my employer, which
is subject to the successful collection of these funds by IPS from my employer’s bank. If, within 30 days of IPS making the deposit into my
account, my employer does not make available to IPS the funds that were advanced to make the deposit into my account, I authorize IPS to
charge my account to recover said advance, I agree to hold IPS harmless from loss and to indemnity it, limited to the amount of the deposit.
This authorization is to remain in full force and effect until my employer and financial institution have received written notice from me of
its termination in such time and in such manner as to afford my employer and bank a reasonable opportunity to act on it.

Employee Signature _________________________________________________ Date __/__/____

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