Authorization Agreement For Automatic Deposits Form printable pdf download

Authorization Agreement For Automatic Deposits Form

HUTCO, INC.

DIRECT DEPOSIT OPTION

Hutco, Inc. offers direct deposit options. All of your paycheck can be deposited into one,

two or three bank accounts of your choice. This service is provided through our payroll

service with Automatic Data Processing, Inc. (ADP).

If you are interested in direct deposit service, please read and follow the steps listed on

the attached “Authorization Agreement For Automatic Deposits”. The authorization

form must be completed, signed and forwarded to the Payroll Department along with a

copy of a voided check from your checking account or a deposit ticket from your

savings account. Your direct deposit will start immediately.

Deposits are made electronically by ADP, Inc. Deposit to your designated accounts(s)

requires three (3) “banking days” from the date payroll information is received by ADP

from our Accounting Department. With respect to hourly employees paid weekly, we

submit payroll information to ADP each Wednesday, therefore, the actual deposit to your

account(s) will occur the following Friday. Should a bank holiday fall on Thursday or

Friday, deposits will be the following Monday. With respect to salaried employees paid

semi-monthly, deposit to your designated account(s) will occur by 5:00 p.m. on the pay

date indicated on your check voucher.

If you have any questions, please contact the payroll department.

Authorization Agreement For Automatic Deposits Form