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FI 16A 08/2018 Division of Finance Clear Formulate OF UTAH EMPLOYEE ELECTRONIC FUNDS TRANSFER AUTHORIZATION FORM (PAYROLL) PAYEE INFORMATION *DEPT/UNIT×EMPLOYEE NUMBER *NAME×STREET ADDRESS×CITY×PHONE

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How to fill out electronic funds transfer authorization

01

Step 1: Gather all required information such as account number, bank name, and routing number.

02

Step 2: Contact your bank to obtain the electronic funds transfer authorization form.

03

Step 3: Fill out the form accurately and legibly.

04

Step 4: Provide details such as the amount to be transferred and the recipient's information.

05

Step 5: Review the form to ensure all information is correct.

06

Step 6: Sign the form to authorize the electronic funds transfer.

07

Step 7: Submit the form to your bank through the preferred method – mail, in-person, or electronically.

08

Step 8: Wait for confirmation from your bank regarding the completion of the transfer.

Who needs electronic funds transfer authorization?

01

Anyone who wishes to transfer funds electronically from one bank account to another needs electronic funds transfer authorization.

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What is electronic funds transfer authorization?

Electronic funds transfer authorization is a process that allows individuals or businesses to authorize the transfer of funds electronically from one account to another, typically used for making payments or receiving funds.

Who is required to file electronic funds transfer authorization?

Generally, businesses and individuals who are involved in electronic funds transfers for payments, such as payroll taxes or other federal tax obligations, are required to file an electronic funds transfer authorization.

How to fill out electronic funds transfer authorization?

To fill out electronic funds transfer authorization, you typically need to provide your banking information, such as routing number and account number, along with your personal or business details. Instructions vary by institution, so it's best to consult the specific form or guidelines provided.

What is the purpose of electronic funds transfer authorization?

The purpose of electronic funds transfer authorization is to provide a secure, efficient, and convenient way to transfer funds electronically, reducing the need for paper checks and facilitating timely payments.

What information must be reported on electronic funds transfer authorization?

The information that must be reported on electronic funds transfer authorization typically includes the entity's name, address, taxpayer identification number, account details, and any specific instructions related to the transfers.

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