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Authorization for preauthorized withdrawals (ACH Debits)I hereby authorize Islamic Education Center (the company, hereinafter referred to as the company) to make withdrawals from time to time from

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How to fill out authorization for pre-authorized withdrawals

01

Step 1: Obtain the authorization form for pre-authorized withdrawals from your financial institution.

02

Step 2: Fill in your personal information accurately, including your full name, address, and contact details.

03

Step 3: Provide your banking information, such as your account number and branch code.

04

Step 4: Indicate the frequency and amount of the pre-authorized withdrawals you wish to set up.

05

Step 5: Sign and date the authorization form.

06

Step 6: Submit the completed form to your financial institution for processing.

07

Step 7: Keep a copy of the authorization form for your records.

Who needs authorization for pre-authorized withdrawals?

01

Anyone who wishes to automate regular payments or transactions, such as bill payments, loan repayments, or subscription fees, can benefit from authorizing pre-authorized withdrawals.

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What is authorization for pre-authorized withdrawals?

Authorization for pre-authorized withdrawals is a form that allows a company to automatically withdraw funds from a customer's account on a recurring basis.

Who is required to file authorization for pre-authorized withdrawals?

Any company or organization that wishes to set up pre-authorized withdrawals from a customer's account is required to file authorization.

How to fill out authorization for pre-authorized withdrawals?

Authorization for pre-authorized withdrawals can be filled out online or in paper form, and typically requires the customer's account information, the amount to be withdrawn, and the frequency of the withdrawals.

What is the purpose of authorization for pre-authorized withdrawals?

The purpose of authorization for pre-authorized withdrawals is to obtain consent from the customer to automatically withdraw funds from their account without the need for manual intervention for each transaction.

What information must be reported on authorization for pre-authorized withdrawals?

The authorization for pre-authorized withdrawals must include the customer's account number, the amount to be withdrawn, the frequency of the withdrawals, and the name of the company or organization authorized to make the withdrawals.

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