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Preauthorization Transfer Setup I/We hereby authorize Workers Credit Union to debit my/our Savings/Checking Account No. on the day of each month**, and credit the account(s) indicated below for the

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How to fill out preauthorization transfer set-up

01

Step 1: Gather all necessary information, including the recipient's details, bank account number, and transfer amount.

02

Step 2: Access your online banking platform or visit your nearest bank branch.

03

Step 3: Navigate to the transfer or payments section.

04

Step 4: Select the option to set up a preauthorization transfer.

05

Step 5: Enter the required details, such as the recipient's information and the frequency of the transfer.

06

Step 6: Review the information for accuracy and confirm the setup.

07

Step 7: Follow any additional prompts or instructions provided by your bank.

08

Step 8: Keep track of your preauthorization transfer for future reference or modifications.

Who needs preauthorization transfer set-up?

01

Preauthorization transfer set-up is useful for individuals or businesses who regularly need to transfer funds to the same recipient at specified intervals.

02

For example, businesses that pay their vendors or suppliers on a monthly or weekly basis can benefit from preauthorization transfer set-up.

03

Individuals who frequently send money to family members or make recurring payments, such as rent or utilities, can also benefit from this setup.

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What is preauthorization transfer set-up?

Preauthorization transfer set-up is a process of obtaining approval before transferring funds.

Who is required to file preauthorization transfer set-up?

Any entity or individual who needs to transfer funds is required to file preauthorization transfer set-up.

How to fill out preauthorization transfer set-up?

To fill out preauthorization transfer set-up, you need to provide details of the transfer, such as the amount, recipient, and purpose.

What is the purpose of preauthorization transfer set-up?

The purpose of preauthorization transfer set-up is to ensure that funds are transferred securely and with proper authorization.

What information must be reported on preauthorization transfer set-up?

Information such as the amount of funds, recipient details, and purpose of the transfer must be reported on preauthorization transfer set-up.

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