Citibank Direct Deposit Form

In times of high technologies and digital blooming, more companies offer their customers paperless solutions to meet the comfort, speed, and safety requirements. Citibank is one of the financial institutions that follow the trend and allow their clients to apply for a direct deposit method of transactions.

What Is a Direct Deposit?

A direct deposit implies an electronic transaction of monetary funds from one banking account to another. It means that the payee’s account is directly credited and can be used to withdraw the payments or allocate the funds to redeem taxes. Also, the payee doesn’t need to provide the money clearance as in the case of checks.

Pros of a Direct Deposit Authorization

Authorizing the payer to transact the salaries and pensions straightly into the banking account, the payee can presume on the following benefits:

• Time-saving. You don’t need to attend the bank each time you want to transact and withdraw the payments.
• Paper-free methods provide additional layers of security, saving you from losing checks, receipts, and other sufficient paper documentation.
• Speed. Direct transactions appear to be a faster method of money transfer. Therefore you are able to get access to your payments almost instantly.
• Absence of proof for payment procedures — clearance for the payments is not compulsory.

When Do I Need to Use the Citibank DD Form?

Citibank clients are welcome to utilize the direct deposit authorization template to empower their employers or government agencies to supply salary and retirement payments, pensions, social security subsidies, and other types of income straight to your Citibank account. Once the funds are transferred, you get full access to withdraw the money in cash.

Ensure to complete and submit the personal check to your employer as follows:

• Place the “VOID” inscription made in ink across the front side of the cheque.
• No signature must be present; therefore, ensure not to sign the check. Otherwise, your funds and savings might be jeopardized.
• Download, complete, and acknowledge the Citibank Direct Deposit Form.
• Deliver it to the payment originator or the employer.

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How to Fill Out the Citibank Direct Deposit Form

To generate and download the needed form, use our top-notch PDF file-building online tools. Get the latest version of the Citibank Direct Deposit Authorization template and fill out the form instantly. We recommend you following our illustrated guide and make the process easy and effortless:

Identify the Employee

Use the first box to enter the employee’s name. Ensure to leave it blank until the document is printed out. Enter your name in handwriting.

Submit the Tax Identifier

Enter your SSN or employee identifier. Complete the heading section by submitting your business phone number available during working hours.

Specify the Percentage of Funds Transacted

Up next, you need to clarify how much payment you expect to be transferred via direct deposit. You are welcome to select from the following:

• Full amount
• Specific Amount
• Specific percentage

Also, you can specify the exact parameters for the selected alternative.

Submit the Citibank Account

Once the payment details are cleared, the preparer needs to enter the banking account number and the account type.

Select the Citibank Branch Office

Here, the employee should fill in the Citibank branch address. Enter the street and branch details in the upper box. Specify the city, state, and ZIP code details below.

Provide the Citibank ABA Routing Number

The routing number assigned to your Citibank branch contains nine characters and is located in the bottom left corner of your check. Should you have no check or the receipt misses the number, you are empowered to consult a Citibank assistant on the official bank’s web portal.

Authorize the Payer

Next, the recipient needs to enter the legal name of the person or agency who is expected to carry the credit and debit transactions to your Citibank account.

Acknowledge the Form

To finalize the authorization, the potential recipient should append their signature and place the current calendar date. Once all required data are entered, attach the form to the check and serve it to the authorized payer for further operations.