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Electronic Funds (EFT) Enrollment & Authorization Agreement Name: Address: City: State Zip Enrollment Status: New Enrollment Change Information Removal from EFT Bank Name: Bank Account Type: Checking
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Electronic funds eft enrollment is the process of signing up to have payments electronically deposited into a bank account.
Any individual or business that wants to receive payments electronically is required to file electronic funds eft enrollment.
To fill out electronic funds eft enrollment, one must provide banking information, such as account number and routing number, to the payer.
The purpose of electronic funds eft enrollment is to streamline the payment process and eliminate the need for paper checks.
The information reported on electronic funds eft enrollment usually includes the recipient's bank account information and authorization to deposit funds electronically.
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