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FM1009 FINANCIAL MANAGEMENT DEPARTMENT PERSONALLY APPROVED DEBITS FOR COMMERCIAL/MIXED USE PROPERTIES PLEASE PRINT Received by Date (yyyymmdd): SECT ION 1 PROPERTY INFORMATION: Property Location:
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How to fill out personally approved debits for

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To fill out personally approved debits, follow these steps:

01
Start by obtaining the necessary forms or documents from your financial institution. These could include debit authorization forms or any other paperwork required for the approval process.
02
Carefully read through the instructions provided on the forms to understand what information is required and how it should be presented.
03
Make sure to gather all the relevant personal and financial information needed to complete the debit authorization. This might include your name, address, account details, and the specific amount or frequency of the debits.
04
Fill in the required fields accurately and legibly. Take your time and double-check the information to ensure its correctness.
05
If there are any additional sections or optional details that need to be filled out, determine whether they are relevant to your situation. If so, provide the necessary information accordingly.
06
Review the completed form for any errors, missing information, or discrepancies. It's crucial to be thorough and accurate to avoid complications or delays in the approval process.
07
Finally, once you are satisfied with the completed form, sign and date it as required. Follow any further instructions provided, such as submitting the form to your financial institution or retaining a copy for your records.
7.1
Personally approved debits can be required by individuals or businesses that need to collect payments or make recurring withdrawals directly from a person's bank account. The approval process ensures that the debits are authorized by the account holder and helps prevent any unauthorized or fraudulent transactions.

Some examples of who might need personally approved debits include:

01
Companies offering subscription services, where customers provide their banking information to enable automatic monthly payments.
02
Non-profit organizations collecting regular donations from supporters who opt for automatic deductions from their bank accounts.
03
Landlords or property management companies collecting rent payments via direct debit for tenants who have given their authorization.
04
Utility companies or service providers who offer the convenience of automatic bill payments from customers' bank accounts.
05
Government agencies collecting recurring fees or charges, such as taxes, fines, or licensing fees, through direct debits.
It's important to note that the need for personally approved debits may vary depending on the specific circumstances and the policies of the organization or institution involved. It's always advisable to review and understand the terms and conditions associated with any debit authorization before providing your consent.
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Personally approved debits are used to track and document expenses that have been approved by an individual for personal use.
Any individual who has been given the authority to make personal expenses and is required to report them as per organizational policies.
Personally approved debits can be filled out by providing details of the expense, amount, reason for the expense, and the individual who approved it.
The purpose of personally approved debits is to ensure transparency and accountability in personal expenses within an organization.
The information that must be reported includes details of the expense, amount, reason for the expense, date of approval, and the individual who approved it.
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