Get the free AUTOMATIC BANK DRAFT TERMINATION AGREEMENT

CITY OF COVINGTON UTILITY BILLING DEPARTMENT 317 North Jefferson Avenue Post Office Box 778 Covington, Louisiana 70434 phone 985.892.1811 fax 985.867.1215 website www.covla.com MIKE COOPER Mayor AUTOMATIC

How to fill out automatic bank draft termination

How to fill out automatic bank draft termination:

1. Obtain the necessary termination form: Contact your bank or visit their website to access the automatic bank draft termination form. This form can usually be found in the customer service or online banking section.
2. Fill in personal information: Provide your full name, address, contact details, and account number associated with the automatic bank draft.
3. Indicate termination date: Specify the desired termination date for the automatic bank draft. Ensure that you give ample notice, as some banks may require a certain notice period before the termination takes effect.
4. Identify the payee: Clearly state the name and contact information of the payee from whom you want to terminate the automatic bank draft.
5. Sign and date: Sign the form and include the date of submission.
6. Submit the form: Return the completed form to your bank either through in-person submission, mailing it to the designated address, or uploading it through online banking, if available.

Who needs automatic bank draft termination?

1. Individuals no longer requiring automatic bill payments: If you have set up an automatic bank draft for bill payments, but no longer want the payment to be deducted automatically from your account, you will need to fill out automatic bank draft termination.
2. Change in payees: If you have changed service providers or companies that no longer accept automatic bank drafts, you will need to terminate the current automatic bank draft and establish a new one with the new payee.
3. Financial situations: If you are facing financial difficulties and need to control your cash flow more effectively, terminating automatic bank drafts can provide you with more control over when payments are made.
4. Changing banking accounts: If you are switching banks or closing a particular account, you will need to terminate any automatic bank drafts associated with that account. This ensures that payments are not deducted from a closed account or sent to the wrong bank.

For pdfFiller’s FAQs

What is automatic bank draft termination?

Automatic bank draft termination is the process of cancelling or stopping automatic payments from being withdrawn from a bank account.

Who is required to file automatic bank draft termination?

Anyone who wishes to stop automatic payments from being withdrawn from their bank account is required to file automatic bank draft termination.

How to fill out automatic bank draft termination?

To fill out automatic bank draft termination, you will need to contact your bank or financial institution and request the necessary forms to cancel the automatic payments.

What is the purpose of automatic bank draft termination?

The purpose of automatic bank draft termination is to stop automatic payments from being withdrawn from a bank account.

What information must be reported on automatic bank draft termination?

The information that must be reported on automatic bank draft termination includes the account holder's name, account number, the name of the company or organization receiving the automatic payments, and the reason for cancelling the automatic payments.

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