Direct Deposit Form (Canadian employees)
I hereby authorize (Name of Company) _______________________________________ through Royal Bank of Canada, to make deposits to my chequing account, number __________________________ I will advise you of any change in this regard, and the authorization is to remain in effect until cancelled in writing.
X _______________________________________
(Signature)
Financial Institution: Institution Number
Address: Branch Transit
Full name of Account: Account Number
PLEASE PROVIDE A “VOID” CHEQUE
Convenience – Funds are automatically deposited. No visits to the bank, no worries if you’re sick, out of town or otherwise unavailable.
Accessibility – Funds are available immediately on the day of deposit, for purchase or withdrawal, including ABMs. No waiting for the cheque to clear.
Reliability – Funds are credited electronically. No cheques in the mail, no chance of forgetting to deposit your cheque.
Safety – no cheques in circulation with your account number and signature on the back. No chance of losing your cheque and dealing with the hassles of having it replaced or having it fraudulently negotiated by someone else
Savings – service charges are usually less for electronic credits into bank accounts vs. manual deposits and each electronic credit usually allows you to write one free cheque.
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Direct Deposit Application
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