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AUTHORIZATION AGREEMENT FOR ELECTRONIC TRANSFER OF FUNDS VIA ACH NETWORK NEW AUTHORIZATION Format Sterling United Methodist Church 304 E. Church Road Sterling, VA 20164Phone: 7034306455Fax: 7034300753I

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How to fill out electronic funds transfers agreement

01

Begin by opening the electronic funds transfers agreement form.

02

Fill in your personal information, including your name, address, and contact information.

03

Provide the necessary details regarding your financial institution, such as the name, address, and account number.

04

Indicate whether you are the account holder or authorized representative of the account.

05

Read and understand the terms and conditions of the agreement.

06

Sign and date the agreement at the designated spaces.

07

Make a copy of the filled agreement for your records.

08

Submit the completed agreement to the relevant party for processing.

Who needs electronic funds transfers agreement?

01

Anyone who wishes to engage in electronic funds transfers needs an electronic funds transfers agreement.

02

This includes individuals, businesses, and organizations that want to transfer funds electronically between bank accounts.

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What is electronic funds transfers agreement?

An electronic funds transfers agreement is a contract that outlines the terms and conditions under which electronic funds transfers are conducted between financial institutions and their customers.

Who is required to file electronic funds transfers agreement?

Entities that initiate electronic funds transfers, including businesses and financial institutions, are required to file an electronic funds transfers agreement.

How to fill out electronic funds transfers agreement?

To fill out an electronic funds transfers agreement, you must provide accurate information such as the names of the parties involved, account details, transfer limits, and any fees associated with the transfers.

What is the purpose of electronic funds transfers agreement?

The purpose of an electronic funds transfers agreement is to protect both parties by clearly defining the terms of the transaction, ensuring compliance with regulations, and detailing the rights and obligations of each party.

What information must be reported on electronic funds transfers agreement?

The information that must be reported includes the parties' names and addresses, account numbers, transfer amounts, payment instructions, and any applicable fees or limitations.

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