Memorandum
TO:
All Olympic Employees
DATE:
FROM:
Payroll Department
RE:
Direct Deposits
Attached is an Authorization Form to initiate Direct Deposit for your paychecks from Olympic
Staffing Services. Once Payroll receives your direct deposit form and enters it into the
computer, a zero test transaction will be sent to your DEPOSITORY the following Friday.
The next paycheck that is processed for you will NOT be directly deposited, because the
account number and ABA transit number need to be tested for accuracy. If we are notified
of any errors, we will contact you to recheck the numbers for your account. It takes
approximately three weeks for the bank to confirm the test process. If the test does
not have any errors, then the paycheck that is processed after the three week testing period
will be directly deposited to your designated account.
Wells Fargo will transmit the direct deposit on payday, but we cannot guarantee your deposit
to your account on the same day if it is a different banking facility. Some banks and credit
unions may take an extra day or two to show the deposit. Olympic Staffing Services
paydays are every Friday.
PLEASE FILL THE FOLLOWING FORM OUT COMPLETELY
1. Be sure to check the box indicating if it is a checking or savings account.
2. If you don't know what your 9 digit Transit/ABA number is, call your financial institution and ask them for it.
Payroll can not process your direct deposit without this number. (Many banks have the Transit/ABA number
written at the bottom of your personal check.)
3. Attach a copy of one of your personal checks for the checking/savings account marked "VOID."
Special Note: If you close out an account at your financial institution, be sure to fill out a
cancellation of direct deposit form stopping your direct deposit before you submit your
timesheet for processing. Your financial institution will not inform us that the account has
been closed.
Also Note: If your assignment ends, you should know what your financial institution's policy
is regarding monthly service fees if your direct deposits end.
PLEASE KEEP THIS MEMO FOR YOUR REFERENCE.
AUTHORIZATION AGREEMENT FOR DIRECT DEPOSIT
I hereby authorize Olympic Staffing Services to initiate credit entries and to initiate, if
necessary, debit entries and adjustments for any credit entries in error to my
__ Checking or __ Savings account (select one) indicated below and the depository
institution named below, hereinafter called DEPOSITORY, to credit and/or debit the
same to such account.
DEPOSITORY NAME (Name of bank, credit union, etc.)
BRANCH (Bank or credit union branch number or address)
CITY
STATE - ZIP CODE
TRANSIT/ABA NUMBER
ACCOUNT NUMBER
This authority is to remain in full force and effect until Olympic Staffing Services has
received written notification from me of its termination in such time and in such
manner as to afford Olympic Staffing Services and DEPOSITORY a reasonable
opportunity to act on it.
SIGNATURE
DATE
NAME(S) (PLEASE PRINT)
SSN
* Attach a copy of
check VOIDED for verification of banking information below.