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EFT/DRAFTING AUTHORIZATION EFT/DRAFTING AUTHORIZATION AND AGREEMENT (Check One) BANK DRAFT I hereby authorize the Board of Retirement & Insurance to draft payments electronically from my checking/savings

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What is eftdrafting authorization and agreement?

Eftdrafting authorization and agreement is a form that authorizes a financial institution to make electronic funds transfers from a customer's account.

Who is required to file eftdrafting authorization and agreement?

Any individual or business that wishes to authorize electronic funds transfers from their bank account is required to file eftdrafting authorization and agreement.

How to fill out eftdrafting authorization and agreement?

Eftdrafting authorization and agreement can be filled out by providing the necessary bank account information, specifying the amount and frequency of transfers, and signing the form.

What is the purpose of eftdrafting authorization and agreement?

The purpose of eftdrafting authorization and agreement is to streamline the process of making electronic funds transfers and to provide authorization for the financial institution to access the customer's account.

What information must be reported on eftdrafting authorization and agreement?

Eftdrafting authorization and agreement typically requires the customer's bank account number, routing number, transfer amount, frequency of transfers, and customer signature.

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