Get the free BANK DRAFT AUTHORIZATION FORM - GEHA

4E Date Received Attn: Connection Programs P.O. Box 400 Independence, MO 64051-0400 (800) 793-9335 geha.com Routing # Account # Prepared by: BANK DRAFT AUTHORIZATION FORM Entered by: Date: Internal

How to fill out bank draft authorization form

How to fill out a bank draft authorization form:

1. Obtain the bank draft authorization form from your bank. It may be available online or you may need to visit a branch in person.
2. Fill in your personal information accurately and legibly. This typically includes your name, address, contact details, and account information.
3. Specify the recipient or payee information. Provide their name, address, and any other requested details.
4. Indicate the amount of money you wish to authorize for the bank draft. Write the amount in both numerical and written form to avoid any confusion.
5. Include any specific instructions or notes, if applicable. For example, you may want to specify the purpose of the payment or any additional details the bank needs to know.
6. Carefully review the completed form for accuracy and completeness. Make sure all necessary fields are filled and there are no errors.
7. Sign and date the bank draft authorization form. Your signature attests that you authorize the bank to create the draft and deduct the specified amount from your account.
8. Submit the form to the bank. Depending on your bank, you may need to physically deliver the form to a branch or you can submit it electronically through their online banking platform.

Who needs a bank draft authorization form:

1. Individuals who wish to make a secure payment without using a personal check or electronic transfer.
2. People who do not have a checking account or prefer not to share their bank account information with the payee.
3. Businesses or organizations that require guaranteed funds for a transaction, such as real estate purchases, large payments, or international transactions.
4. Recipients who prefer receiving a bank draft rather than other payment methods due to its security and guaranteed availability of funds.

In conclusion, anyone who wants to make a secure, guaranteed payment or anyone who requires guaranteed funds for a transaction may need to fill out a bank draft authorization form. This form allows the bank to create a payment instrument on your behalf, deducting the specified amount from your account and providing the recipient with a secure form of payment.

For pdfFiller’s FAQs

What is bank draft authorization form?

A bank draft authorization form is a document that grants permission to a bank to deduct funds directly from a person's account for a specific purpose.

Who is required to file bank draft authorization form?

Individuals or organizations that want to authorize their bank to make automatic deductions from their account are required to file a bank draft authorization form.

How to fill out bank draft authorization form?

To fill out a bank draft authorization form, provide your personal or organizational details, including account information, name, and contact information. Indicate the purpose of the deductions and sign the form.

What is the purpose of bank draft authorization form?

The purpose of a bank draft authorization form is to give consent and instructions to a bank to deduct funds from a specified account for a specific purpose, such as payment of bills or donations.

What information must be reported on bank draft authorization form?

The bank draft authorization form usually requires details such as the account holder's name, account number, bank name, contact information, and the purpose of the deductions.

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