Get the free EFT AUTHORIZATION FORM Eastern Bank 1.2015

Electronic Funds Transfer (EFT) AUTHORIZATION I authorize the company named in the form below to automatically charge any funds owed to them from my account at the Depository Financial Institution

How to fill out eft authorization form eastern

How to fill out EFT Authorization form eastern:

1. Begin by downloading the EFT Authorization form from the eastern official website or visiting their local branch. Ensure that you have the latest version of the form.
2. Fill in your personal information accurately. This will typically include your full name, address, contact number, and email address. Double-check the information to avoid any errors.
3. Provide your bank details. You will need to include the name of your bank, the branch address, and your account number. It is crucial to enter these details correctly to ensure a successful electronic funds transfer.
4. Indicate the type of account you have, whether it is a checking or savings account. This information is necessary to ensure that the funds are transferred to the correct account type.
5. Specify the frequency of the transfers. You may have options such as weekly, bi-weekly, monthly, or a specified date for one-time transfers. Select the appropriate option based on your preferences.
6. Determine the start date for the EFT transfers. This is the date when the first transfer will be initiated. You may also have the option to choose an end date if you do not wish to make the transfers indefinitely.
7. Read and understand the terms and conditions provided on the form. Make sure you agree to the terms before signing the authorization form.
8. Finally, sign the EFT Authorization form with your full legal signature and date it accordingly. Keep a copy of the filled-out form for your records.

Who needs EFT Authorization form eastern?

1. Individuals who wish to set up recurring electronic transfers from their bank account to another account, such as paying bills or making regular payments, may need to fill out the EFT Authorization form.
2. Customers who bank with eastern and want to authorize the bank to initiate electronic transfers on their behalf will also need to complete this form.
3. Businesses that require electronic funds transfers for payroll or supplier payments may need to fill out the EFT Authorization form as well.

By following the steps and completing the form accurately, individuals and businesses can ensure a smooth and secure process for initiating electronic funds transfers with eastern.

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