Get the free Automatic Bank Draft Authorization Form - English - City of Corpus ...

The City of Corpus Christi offers our customers automatic bank draft service, an easy and convenient way to pay your utility bill. Through bank drafting, your monthly bill amount is withdrawn automatically

How to fill out automatic bank draft authorization

To fill out an automatic bank draft authorization, follow these steps:

1. Obtain the necessary form from your bank: Contact your bank and ask for the automatic bank draft authorization form. They may provide it to you in person, by mail, or through their online banking platform.
2. Complete personal information: Fill in your full name, address, contact information, and any other details required by the form. Make sure to provide accurate and up-to-date information.
3. Provide bank account details: Enter the relevant details of the bank account from which funds will be drafted. This includes the account number, routing number, and the name of the bank. Double-check these details to ensure accuracy.
4. Specify the payment details: Indicate the payment amount, frequency, and start date. This information will determine how often the bank will draft funds from your account and for what purpose.
5. Review and sign the authorization: Carefully review all the information you have provided on the form. Ensure that everything is correct and matches the details of your bank account. Once satisfied, sign and date the authorization form.
6. Keep a copy for your records: Make a photocopy or take a clear picture of the completed authorization form for your records. This will serve as proof of your agreement with the bank.

Who needs automatic bank draft authorization?

Automatic bank draft authorization is typically needed by individuals or businesses who want to facilitate recurring electronic payments from their bank accounts. This could include:

1. Utility companies: They may require automatic bank draft authorization to collect payment for services such as electricity, water, or gas on a regular basis.
2. Subscription services: Businesses offering subscription-based products or services may use automatic bank draft authorization to automatically charge customers on a recurring basis.
3. Loan providers: Lenders often require borrowers to complete automatic bank draft authorization to ensure timely repayment of loans or installments.
4. Non-profit organizations: Non-profits may ask for automatic bank draft authorization to receive regular donations from supporters.

It is important to note that the specific need for automatic bank draft authorization may vary depending on individual circumstances and the requirements of the entity collecting the payments.

For pdfFiller’s FAQs

What is automatic bank draft authorization?

Automatic bank draft authorization is an agreement between a customer and a bank that allows the bank to withdraw funds directly from the customer's account to pay bills or make payments.

Who is required to file automatic bank draft authorization?

Anyone who wishes to set up automatic payments for bills or loans may be required to file automatic bank draft authorization with their bank.

How to fill out automatic bank draft authorization?

To fill out automatic bank draft authorization, the customer must provide their bank with their account information, the amount to be withdrawn, and the frequency of the payments.

What is the purpose of automatic bank draft authorization?

The purpose of automatic bank draft authorization is to make bill payments more convenient for customers by allowing the bank to automatically withdraw funds from their account on a regular basis.

What information must be reported on automatic bank draft authorization?

Automatic bank draft authorization must include the customer's account number, the amount to be withdrawn, the frequency of the payments, and the recipient of the funds.

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