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AUTOMATIC BANK DRAFT AUTHORIZATION. Please complete ... to the accounts(s) listed above to draw drafts against my account in payment of my water bills.
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What is automatic bank draft authorization?
Automatic bank draft authorization is a method of payment where a consumer authorizes a financial institution to automatically deduct funds from their account to pay for bills or services on a recurring basis.
Who is required to file automatic bank draft authorization?
Anyone who wants to set up automatic payments for bills or services can file automatic bank draft authorization, typically with the company they are making payments to.
How to fill out automatic bank draft authorization?
To fill out automatic bank draft authorization, you will need to provide your bank account information, the amount to be deducted, the frequency of deductions, and the date the deductions should begin.
What is the purpose of automatic bank draft authorization?
The purpose of automatic bank draft authorization is to make bill payments more convenient and to ensure that payments are made on time without the need for manual intervention.
What information must be reported on automatic bank draft authorization?
Automatic bank draft authorization must include the consumer's bank account information, the amount to be deducted, the frequency of deductions, and the start date for deductions.
How can I get automatic bank draft authorization?
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