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One of the many benefits that banks and other financial institutions will offer in an effort to get your business is the electronic transfer of payroll funds to accounts designated by your employees. This can save you time and effort by reducing the need to manually prepare and issue checks.
The Electronic Funds Transfer Authorization Form contains a form that may be used to gather information from your employees that is needed to establish an electronic funds transfer program.
The file is in rich text format (RTF) that is suitable for use with most word processing programs used in the Windows environment.
Toolkit is providing these tools free of charge. Some of these forms contain technical language and create significant legal obligations. Do not use any form without first having an attorney review the form and determine that it is suitable for the purpose for which you intend it.