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Supp Name: Supp Sum: Office use all-electronic FUNDS TRANSFER AUTHORIZATION Instructions complete all 4 sections: To initiate payment you must attach a VOIDED check (preprinted/not handwritten) OR
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ACH authorization forms are needed by individuals or businesses that want to authorize the automatic transfer of funds from their bank account to another party's bank account.
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The ACH authorization form is a document that grants permission for automatic deposits or withdrawals from an individual's bank account.
Both individuals and businesses that wish to initiate ACH transactions must file an ACH authorization form.
To fill out the ACH authorization form, provide your name, address, bank account details, and specify the type of transaction (debit or credit) along with the frequency and amount.
The purpose of the ACH authorization form is to ensure that the account holder consents to and authorizes automated transactions, protecting both parties in a transaction.
The form must include the account holder's name, address, bank account number, routing number, transaction type, and any applicable terms and conditions.
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