ESBD_495933_1773338344920_SOL_EXH_F.5_Direct Deposit Authorization Form.pdf

This is a Direct Deposit Authorization Form used by the State of Texas in conjunction with a state and local contract opportunity. The form serves as a standard template for contractors and vendors to authorize direct deposit of payments from the state agency to their designated financial institution. The document establishes the mechanism through which contractors will receive contract payments and requires vendors to provide banking information including account holder name, financial institution details, account type (checking or savings), routing number, and account number.

The form includes certification language requiring authorized signatories to validate the accuracy of the banking information provided and acknowledge their authorization for funds to be deposited to the specified account. This standardized authorization document is a prerequisite administrative requirement for contract award and payment processing by the State of Texas, ensuring efficient fund transfer and reducing reliance on physical check payments.