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AUTHORIZATION TO INITIATE ELECTRONIC FUNDS TRANSFER (EFT) (COMMERCIAL LINES POLICY) DO NOT USE THIS FORM IF YOUR OFFICE IS NOT SET UP FOR EFT Broker Code: Broker Name: DATE: NAMED INSURED: POLICY
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Start by gathering all the necessary information for the form, such as the name and address of your business, contact information, and any relevant financial or sales data.
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Commercial sweep form is a document used to report the movement of funds from one account to another in order to maximize interest earnings.
Businesses and financial institutions that engage in cash management activities are required to file commercial sweep form.
Commercial sweep form can be filled out by providing information on the account transfers, dates of transactions, and amounts moved.
The purpose of commercial sweep form is to ensure transparency and compliance with regulations regarding fund transfers.
Information such as account numbers, transaction dates, amounts transferred, and the purpose of the transfers must be reported on commercial sweep form.
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