Submit this completed form to your company's payroll department via email, fax, or through their online submission portal if available. Ensure all details are accurate and authorized signatures are provided. If mailing, use the provided physical address.

Ensure to submit your forms by the end of the fiscal year to reflect changes for the next year's payroll. Keep track of quarterly submission deadlines for any updates.

The purpose of this form is to enable subcontractors to receive their payments through direct deposit. By providing necessary financial information, subcontractors authorize the company to deposit their payments directly into their bank accounts. This ensures timely and secure payments, reducing the need for physical checks.

• 1. Subcontractor's Name: Enter the legal name of the subcontractor as it appears on the bank account.
• 2. SSN or EIN: Provide the subcontractor’s Social Security Number or Employer Identification Number.
• 3. Financial Institution: Name of the bank or financial institution where the account is held.
• 4. Routing Number: Provide the routing number of the financial institution.
• 5. Account Number: Enter the account number where deposits should be made.
• 6. Type of Account: Indicate whether the account is checking or savings.
• 7. Subcontractor's Signature: Signature of the subcontractor to authorize the direct deposit.
• 8. Date: Date when the form is signed.

Failure to submit this form can result in delays or inability to deposit your payments directly.

• Payment Delays: Without this form, payments may not be processed on time.
• Physical Checks: You may revert to receiving physical checks instead of direct deposits.
• Incorrect Payment: Potential for incorrect deposits if accurate information is not provided.

• 1. New Subcontractor: When starting as a new subcontractor with a company.
• 2. Changing Banks: When changing your banking institution or account number.
• 3. Updating Information: When updating your existing financial information for direct deposits.