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AUTHORIZATION FOR AUTOMATIC WITHDRAWALS FROM AND DEPOSITS TO YOUR BANK ACCOUNT EFT The undersigned hereby authorizes the Community of Christ World Headquarters to make withdrawals or deposits at the Bank and authorizes the Bank to accept such transactions and make any necessary adjustments. It is agreed that these transactions will be made electronically and under the Rules of the National Automated Clearing House Association. This authorization will remain in effect until written notice of...
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What is authorization for automatic withdrawals?
Authorization for automatic withdrawals is a form that allows a company to automatically withdraw funds from a customer's account.
Who is required to file authorization for automatic withdrawals?
Any company or organization that wishes to set up automatic withdrawals from a customer's account is required to file authorization for automatic withdrawals.
How to fill out authorization for automatic withdrawals?
To fill out authorization for automatic withdrawals, the customer must provide their account information, authorize the company to withdraw funds, and sign the form.
What is the purpose of authorization for automatic withdrawals?
The purpose of authorization for automatic withdrawals is to streamline the payment process for both the customer and the company by allowing for automatic payments to be made.
What information must be reported on authorization for automatic withdrawals?
Authorization for automatic withdrawals must include the customer's account information, the amount and frequency of the withdrawals, and the customer's authorization to make the withdrawals.
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