Direct Payroll Deposit Authorization Form For: Fill & Download for Free

I haven’t seen this specific offer yet, but it sounds similar to others I’ve seen in the past. Basically, the idea is that a $200 offer is enough to get you to go to the payroll department at your work and fill in a new direct deposit authorization form. Once you’ve done that you have a commitment to actually using the account and becoming a good customer. They also have some assurance that in order to leave, you would need to go back to the payroll office and fill out a change. That friction might be enough to keep you as a customer even if service isn’t everything they promised.

In the near term, remember that your direct deposit authorization form almost certainly included something that says the company can debit your account if they make a mistake. This happened to me recently when I was paid twice for the same expense report. if you take the money out, and then they debit your account to recover their funds, you'll be overdrawn.Now, assuming that doesn't happen, and assuming your former employer is a large company, your biggest risk is an audit of the payroll system. As they go through a year-end audit, auditors will typically sample each financial process to ensure proper controls exist. My company is a SaaS software provider. In addition to our annual financial audits, we go through yearly SSAE-16 audits, wherein the auditor reviews ALL of our internal processes and procedures- including on-boarding and departing employees. (Did we turn off their email access on a timely basis, etc.) Assuming all audits close and you don't get detected, you're likely to get away with it.Having said that, there are occasional examples in the news of people (typically in finance) that set up ghost employees and defraud their employer of large sums of money by banking the phantom paychecks.The bigger question is, do you want this on your conscience? Assume you net $10,000 from the mistake, and you use that money to go on vacation. When you look back on that trip, will you remember a good time? Or will you remember that the money was ill-gotten? If you're asking us that question, the answer is probably obvious to you already.

I assume you need to do so for direct deposit of payroll.Your employer or their payroll provider should have a form for you to fill out authorizing them to make the deposit.The form should ask for your bank routing number, account number, and if it is a checking or savings account.That should be all they need.