What is a bank form for direct deposit

Have your paycheque deposited automatically into your account when you set up Direct Deposit for payroll. Simply complete this payroll form with your account information and provide it to your employer to process.

Table of Contents Show

1. Get a direct deposit form from your employer
2. Fill in account information
3. Confirm the deposit amount
4. Attach a voided check or deposit slip, if required
5. Submit the form
How do I get a direct deposit form from my bank?
Is there a form for direct deposit?
Why do I need a bank letter for direct deposit?
What needs to be on a direct deposit form?

You can also set up Direct Deposit for recurring government payments such as monthly pension cheques.

Here’s how you can enrol:

Option 1. Visit directdeposit.gc.ca and complete the enrolment form. To enrol you need:

Your name, address and date of birth
Your payment type(s) and the associated personal identifier(s), for example your Social Insurance Number (SIN) or your file number
A void cheque or your bank account information (No void cheque? No problem! Visit your nearest branch to get a stamp in Part C of the enrolment form.)

Option 2. You can also enrol in direct deposit on My CRA Account, My Service Canada Account or My VAC Account

Option 3. Forms are also available at your local branch.

Government of Canada information officers are available to help you at 1-800-593-1666, in English and in French, Monday, Tuesday, Wednesday and Saturday from 7 a.m. to 7 p.m. or Thursday and Friday from 7 a.m. to 10 p.m., Eastern Standard Time.

Direct deposit is a free electronic transfer service that sends your paychecks or benefit checks to a bank account or prepaid debit card of your choosing.

Having Chase or Bank of America direct deposit, among other banks', can also help you avoid monthly checking account fees.

Here’s everything you need to know about how to set up direct deposit at your financial institution.

1. Get a direct deposit form from your employer

Ask for a written or online direct deposit form. If that isn’t available, ask your bank or credit union for one. We’ve included a list of forms from top banks, including the Capital One and Bank of America direct deposit forms.

If you receive Social Security or other federal benefits, it’s legally required to get them through direct deposit or a Direct Express prepaid debit card. To sign up, visit GoDirect.gov or call (800) 333-1795.

2. Fill in account information

You typically need to provide the following personal and bank details:

Bank's mailing address. Find this on your bank statement or your financial institution’s website. If you use your bank's direct deposit form, you'll likely need your employer's address.
Bank's routing number. This is the nine-digit number, also known as the American Bankers Association — or ABA — number, printed on your bank statement or along the bottom left of your checks.
Your account number. This comes after the routing number on the bottom of your check. You may also find it on your deposit slip or bank statement.
Type of account. This typically will be your checking or savings account. It’s where your direct deposit will go.
Other. Some forms also ask for your Social Security number or mailing address.

🤓Nerdy Tip

Many checking accounts can receive direct deposits up to two days early. Check with your bank to see if it offers this free, automatic feature.

SoFi Checking and Savings

Deposits are FDIC Insured

Upgrade - Rewards Checking

Deposits are FDIC Insured

Current Account

Deposits are FDIC Insured

Chime Checking Account

on Citibank, N.A.'s website

Citi Priority Account

3. Confirm the deposit amount

You can choose to deposit 100% of the check into a checking account, but there’s a benefit to splitting direct deposit into two or more accounts. If you can put a portion, such as 20%, of your paycheck or benefit check into a high-yield savings account, you can save automatically each month. (To find savings accounts with the highest rates, see our list of the best online savings accounts.)

A smart way to monitor your money

Track your cash, cards, and bank accounts all at the same time.

4. Attach a voided check or deposit slip, if required

Some employers use a voided check or deposit ticket to verify the account and routing numbers. If you’re asked to do this, write “VOID” across the front of a blank check, which ensures the check’s unusable if it’s lost or stolen. Then attach the check or slip to the direct deposit form.

5. Submit the form

Give the form to your employer, and wait for the direct deposit to go into effect. It may take weeks, so monitor your bank account regularly.

Direct deposit is a convenient service that can give you faster and safer access to your hard-earned money than a check. You’ll need to take some time to set up the automatic deposit. But you’ll save time later by eliminating trips to a bank to cash checks — or waiting for checks to clear. It is also a great way to automate saving money each month.

How do I get a direct deposit form from my bank?

Ask for a written or online direct deposit form. If that isn't available, ask your bank or credit union for one. We've included a list of forms from top banks, including the Capital One and Bank of America direct deposit forms.

Is there a form for direct deposit?

A direct deposit authorization form authorizes a third party, usually an employer for payroll, to send money to a bank account. Commonly, an employer requesting authorization will require a voided check to ensure that the account is valid.

Why do I need a bank letter for direct deposit?

A bank verification letter can be used in place of void checks or direct deposit forms to verify their account information for external parties.

What needs to be on a direct deposit form?

Each employee needs to provide the following information: bank name, account type, account number and routing number. Some states also require employees to sign a consent form before their employer can switch them to direct deposit.