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Get a direct deposit form from the payer. For instance, if you want to set up direct deposit for your paycheck, you’ll get the form from your employer.
To set up direct deposit, you must fill out a form provided by an employer or the government. You’ll need to fill in your name, address, account number, and your bank’s name and routing number .
You can follow this simple three-step process if you’d like to set up direct deposit into savings instead of your checking account: Obtain a direct deposit form from the payer
A direct deposit (or direct credit), in banking, is a deposit of money by a payer directly into a payee's bank account. Direct deposits are most commonly made by businesses in the payment of salaries and wages and for the payment of suppliers' accounts, but the facility can be used for payments for any purpose, such as payment of bills, taxes ...
As of 2006, tax filers may split their tax refund with direct deposit in up to three separate accounts with three different financial institutions. This has given taxpayers an opportunity to save and spend some of their refund (rather than only spend their refund).
A split direct deposit gives you the ability to deposit your paycheck into multiple accounts. You can do this by depositing a percentage or set amount in your chosen accounts each pay...