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DIRECT CREDIT Authorization for Group Health Insurance Claim Settlement All fields are mandatory. Incomplete forms will not be processed1. INSURED INFORMATION Full Name of Insured Account Holder(First

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How to fill out direct credit authorisation

01

Step 1: Obtain a direct credit authorisation form from your bank or financial institution.

02

Step 2: Read the instructions provided with the form carefully.

03

Step 3: Fill in your personal details, including your name, address, and contact information.

04

Step 4: Provide your bank account details, including the account number and sort code.

05

Step 5: Specify the amount and frequency of the direct credits you wish to authorise.

06

Step 6: Sign the form and date it.

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Step 7: Submit the completed form to your bank or financial institution.

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Step 8: Wait for confirmation from your bank or financial institution that the direct credit authorisation has been processed.

09

Step 9: Keep a copy of the direct credit authorisation form for your records.

Who needs direct credit authorisation?

01

Anyone who wants to authorize direct credits into their bank account needs direct credit authorisation.

02

This can include individuals, businesses, or organizations that receive regular payments, such as salaries, pensions, dividends, or rental income through direct credit transfer.

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What is direct credit authorisation?

Direct credit authorisation is a process where a person gives permission for funds to be deposited directly into their bank account.

Who is required to file direct credit authorisation?

Individuals or businesses who want to receive payments directly into their bank account.

How to fill out direct credit authorisation?

Direct credit authorisation forms can typically be filled out online or through a paper form provided by the payer.

What is the purpose of direct credit authorisation?

The purpose of direct credit authorisation is to streamline the payment process and eliminate the need for physical checks or cash transactions.

What information must be reported on direct credit authorisation?

Typically, the person's bank account details such as account number, routing number, and name must be reported on direct credit authorisation.

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