WebNov 10, 2024 · For direct deposit, employers require the payee’s bank account information or a void check in order to start making deposits. Direct deposit is most commonly used to transfer an employee’s salary; however, it may also be used for things like tax refunds , investment dividends, retirement account payments, and government benefits like Social ... WebApr 25, 2024 · What is Legally Required for Direct Deposit? In order for an employer to deposit your pay directly into your account, they need to have your authorization to do so. In addition to getting permission, the employer also collects information like your bank account number and routing number.
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How To Fill Out a Deposit Slip - The Balance
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