Enrolling in direct deposit can often be a much easier way to receive your paycheck from work and completing a Paychex Direct Deposit Form will usually be the process to completing this. Most companies and organizations use the company Paychex for payroll processing and your accounting or human resources department should be able to help you complete the form.
Once you complete a Paychex Direct Deposit request you will no longer receive paper statements, and if you need to review your paystubs for any reason, Paychex allows you to create an account online where you can view the date and breakdown of each paycheck. If you are switching from paper paychecks to direct deposits it can usually take about one to two pay periods before this switch is finalized. Although if you are signing up for this service as a new hire this will happen immediately since you are new to the company's processing system.
A Paychex Direct Deposit Form can be downloaded below.
To fill out a Paychex Direct Deposit Form, complete the following sections:
Depending on your bank, there can be a different Paychex Direct Deposit time. Most companies will have a specified paydate (such as every other Friday) and direct deposits will usually be posted in a person's bank account from Paychex between midnight and six in the morning on the specified day. The benefit of using Paychex is that their business will handle the processing information to make sure that the paycheck will arrive by the specified date in each employee's bank account.
As a payroll manager, you will need to make sure every employee in the company completes their timecards by a set date that allows Paychex enough time to complete their end of the processing. For example, an employee will often be required to submit their timecard several days in advance of the payday, and any days worked after will rollover to the next pay period.
Haven't found the form you're looking for? Take a look at the related templates below: