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AUTO PAY ACH AUTHORIZATION AGREEMENT STEP 1: Please read and complete this Authorization Agreement By signing this Authorization Agreement, I authorize Argentum Financial, LLC (Argentum) to initiate
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How to fill out auto pay ach authorization
How to fill out auto pay ach authorization:
01
Obtain the auto pay ach authorization form from your bank or financial institution. This form is typically available online or can be requested from a customer service representative.
02
Fill in your personal information accurately. This may include your name, address, phone number, and email address. Make sure to use the same information that is associated with your bank account.
03
Provide your bank account details. You will need to include the routing number and account number of the bank account from which the automatic payments will be made. You can find this information on your checks or by contacting your bank.
04
Specify the payment amounts and frequency. Indicate the dollar amount you wish to be automatically deducted from your bank account and the frequency at which these payments should occur (e.g., monthly, quarterly, annually).
05
Sign and date the form. By signing the auto pay ach authorization form, you are giving your consent for the automatic deductions to be made from your bank account. Make sure to also date the form.
06
Submit the form to your bank or financial institution. You may need to mail it to a specific address or submit it in person at a branch. Follow the instructions provided by your bank to ensure proper submission.
Who needs auto pay ach authorization:
01
Individuals who want to automate their bill payments. Auto pay ach authorization allows for hassle-free and timely payment of bills, eliminating the need for manual payments and potential late fees.
02
Businesses and organizations that provide recurring services. For example, utility companies, subscription services, and membership-based organizations often require auto pay ach authorization to ensure consistent and timely payments from their customers.
03
Anyone who values convenience and efficiency in managing their finances. Auto pay ach authorization simplifies the payment process and can help individuals and businesses better manage their cash flow by automating recurring expenses.
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What is auto pay ach authorization?
Auto pay ach authorization is a method that allows a company to automatically withdraw funds from a customer's bank account to pay for goods or services on a recurring basis.
Who is required to file auto pay ach authorization?
Any company or individual who wants to set up automatic payment withdrawals from a customer's bank account must file auto pay ach authorization.
How to fill out auto pay ach authorization?
To fill out auto pay ach authorization, the customer must provide their bank account information, authorize the company to withdraw funds, and specify the amount and frequency of payments.
What is the purpose of auto pay ach authorization?
The purpose of auto pay ach authorization is to simplify the payment process for both customers and companies, ensuring timely and convenient payment of bills or services.
What information must be reported on auto pay ach authorization?
Auto pay ach authorization must include the customer's bank account details, authorization for payment withdrawals, and specific instructions on the amount and frequency of payments.
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