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DIRECT DEBIT AUTHORIZATION FORM Check One: Initial Debit ModificationName: SS#: Address: City: State Zip: Contact Person: Phone #: Email Address: Fax #: Financial Institution Information Name: Address:
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What is initial debit?
Initial debit is the first debit transaction recorded in an account.
Who is required to file initial debit?
Any individual or entity opening a new account and making the first debit transaction is required to file initial debit.
How to fill out initial debit?
To fill out initial debit, one must accurately record the details of the first debit transaction in the designated form or system.
What is the purpose of initial debit?
The purpose of initial debit is to document the first debit transaction in an account and maintain accurate financial records.
What information must be reported on initial debit?
The information reported on initial debit includes the date, amount, and purpose of the first debit transaction.
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