ACH Agreement

Introduction

Welcome to Platinum Health Workforce’s Direct Deposit ACH (Automated Clearing House) Service. By enrolling in direct deposit, you agree to have your paycheck automatically deposited into your designated bank account. This agreement outlines the terms and conditions for collecting and using your bank account information to facilitate direct deposits.

Benefits of Direct Deposit

• Convenience: Eliminate trips to the bank and receive your paycheck directly into your account.
• Speed: Funds are available immediately on payday.
• Security: Reduces the risk of lost or stolen checks.
• Reliability: Ensures timely payments, even when you are away.

How to Set Up Direct Deposit

To enroll in direct deposit, please provide the following information:

• Personal Information:

  • Full Name
  • Employee ID
  • Contact Information (Email and Phone Number)

• Bank Account Details:

  • Bank Name
  • Routing Number
  • Account Number
  • Account Type (Checking or Savings)

• Authorization and Agreement:

  • Sign and date the Direct Deposit Authorization Form.

Direct Deposit Authorization

By submitting the Direct Deposit Authorization Form, you authorize Platinum Health Workforce to initiate electronic credit entries, and if necessary, debit entries and adjustments for any credit entries made in error, to your account indicated on the form. This authority will remain in effect until you notify us in writing to cancel it, allowing us reasonable time to process your request.

Terms and Conditions

• Accuracy of Information: You are responsible for ensuring that the bank account information provided is accurate. Incorrect information may result in delays in payment.
• Changes to Account Information: If you change your bank account, you must submit a new Direct Deposit Authorization Form. Allow one to two pay cycles for changes to take effect.
• Termination of Direct Deposit: You may cancel your direct deposit enrollment at any time by providing written notice to the HR department. Allow one to two pay cycles for the cancellation to be processed.

Frequently Asked Questions

• How long does it take to set up direct deposit? Typically, it takes one to two pay cycles for direct deposit to become active after submission of the form.

• Can I split my direct deposit between multiple accounts? Yes, you can specify amounts or percentages to be deposited into multiple accounts on the authorization form.

• What if my bank account information changes? Complete and submit a new Direct Deposit Authorization Form to update your information. Changes take one to two pay cycles to process.

• Is there a fee for direct deposit? No, there is no fee for setting up or using direct deposit.

Contact Us

If you have any questions or need assistance with the direct deposit process, please contact our HR department. We are here to help you with any concerns and ensure a smooth and efficient direct deposit experience.

By enrolling in direct deposit, you are choosing a secure, efficient, and reliable method of receiving your paycheck. Complete your Direct Deposit Authorization Form today and enjoy the benefits of direct deposit with Platinum Health Workforce.