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Authorization for Preauthorized Payments I (we) hereby authorize The First a National Banking Association to initiate debit entries to my (our) account indicated below for the purpose of accomplishing

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What is authorization for preauthorized payments?

Authorization for preauthorized payments is a form or agreement that allows a company to debit funds from a customer's account on a regular basis.

Who is required to file authorization for preauthorized payments?

Anyone who wants to set up preauthorized payments with a company is required to file authorization for preauthorized payments.

How to fill out authorization for preauthorized payments?

To fill out authorization for preauthorized payments, you need to provide your banking information, payment amount, frequency, and start date.

What is the purpose of authorization for preauthorized payments?

The purpose of authorization for preauthorized payments is to ensure that a company has permission to debit funds from a customer's account regularly.

What information must be reported on authorization for preauthorized payments?

Authorization for preauthorized payments must include the customer's name, banking information, payment amount, frequency, and start date.

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