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AUTHORIZATION AGREEMENT FOR AUTOMATIC PAYMENTS/DEPOSITS
I (we) hereby authorize Molina Medicaid Solutions, acting as Fiscal Agent for the State of New Jersey, Division
of Medical Assistance and Health
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How to fill out authorization of automatic payments

How to fill out authorization of automatic payments
01
To fill out authorization of automatic payments, follow these steps:
02
Obtain the appropriate authorization form from the financial institution or service provider.
03
Read and understand the terms and conditions mentioned in the form.
04
Provide your personal information such as name, address, contact number, and email address.
05
Enter the necessary bank account details, including account number and routing number.
06
Specify the amount you authorize to be automatically deducted from your bank account on a recurring basis.
07
Indicate the frequency of the automatic payments, whether it's monthly, quarterly, or annually.
08
Review the information provided and make sure it is accurate.
09
Sign and date the form to indicate your consent for automatic payments.
10
Submit the completed authorization form to the financial institution or service provider as per their instructions.
11
Keep a copy of the filled-out form for your records.
Who needs authorization of automatic payments?
01
Authorization of automatic payments is useful for individuals or businesses who want to automate regular bill payments or subscription fees.
02
People who have recurring expenses like mortgage or rent payments, utility bills, insurance premiums, subscription-based services like streaming platforms or fitness memberships can benefit from authorization of automatic payments.
03
Businesses that offer subscription-based products or services, such as software as a service (SaaS) companies, also rely on authorization of automatic payments to collect recurring payments from their customers.
04
It provides convenience, ensures timely payments, and eliminates the need for manual payment processing.
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What is authorization of automatic payments?
Authorization of automatic payments is a process where a customer grants permission for a company to automatically withdraw funds from their account to pay for goods or services.
Who is required to file authorization of automatic payments?
Any individual or business that wants to set up automatic payments with a customer must file an authorization of automatic payments.
How to fill out authorization of automatic payments?
To fill out an authorization of automatic payments, the customer must provide their account information, payment amount, and frequency of payments.
What is the purpose of authorization of automatic payments?
The purpose of authorization of automatic payments is to streamline the payment process for both the customer and the company, ensuring timely payments without the need for manual intervention.
What information must be reported on authorization of automatic payments?
The authorization of automatic payments must include the customer's name, account number, payment amount, frequency of payments, and the start date of automatic payments.
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