Get the free Student Automatic Deposit Authorization - Augustana College - augustana

AUGUSTAN AUTHORIZATION AGREEMENT FOR AUTOMATIC DEPOSITS (ACH CREDITS) Student Employee Information/Authorization: Student Employees Name (Please Print) ID Number Social Security Number I authorize

How to fill out student automatic deposit authorization

How to fill out student automatic deposit authorization:

1. Obtain the form: Start by obtaining the student automatic deposit authorization form from your school's financial aid office or website. It is usually available for download in PDF format.
2. Read the instructions: Before filling out the form, carefully read all the instructions provided. This will ensure that you understand the requirements and any additional documents or information that may be needed.
3. Personal information: Begin by entering your personal information, including your full name, student ID number, social security number, and contact details. Make sure to double-check the accuracy of these details to avoid any potential issues.
4. Bank account details: Provide your bank account information where you want the funds to be deposited. This includes the name of the bank, the account number, and the routing number. It is essential to check with your bank to ensure that the provided details are correct.
5. Authorization details: Fill in the authorization details, such as the date of authorization and the duration of the automatic deposit. The duration specifies the period during which you want the funds to be automatically deposited into your bank account.
6. Signature: Once you have completed filling out the form, sign it using your full legal signature. Unsigned forms may not be accepted, so make sure not to overlook this step.
7. Submit the form: After filling out and signing the form, submit it to your school's financial aid office or follow the instructions provided on where to send it. Make sure to retain a copy of the completed form for your records.

Who needs student automatic deposit authorization:

1. Students receiving financial aid: Student automatic deposit authorization is typically required for students who receive financial aid from their school. This includes grants, scholarships, and loans disbursed by the institution.
2. Students with work-study jobs: Students who participate in work-study programs and receive their wages through direct deposit may need to fill out a student automatic deposit authorization form.
3. Students opting for automatic refunds: Some schools allow students to set up automatic refunds for any excess financial aid funds they receive. In such cases, a student automatic deposit authorization form is necessary to enable the automatic transfer of funds to the student's bank account.

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