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MICHIGAN AREA ELECTRICAL WORKERS HEALTH & WELFARE FUND DIRECT DEBIT AUTHORIZATION AGREEMENT I (we) hereby authorize the Michigan Area Electrical Workers Health & Welfare Fund to instruct my Financial

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What is direct debit authorization agreement?

Direct debit authorization agreement is a written agreement between a customer and a financial institution allowing the institution to debit funds from the customer's account to pay bills.

Who is required to file direct debit authorization agreement?

Any individual or business who wishes to authorize a financial institution to make automatic withdrawals from their bank account.

How to fill out direct debit authorization agreement?

To fill out a direct debit authorization agreement, the customer needs to provide their personal information, bank account details, the amount to be debited, and the frequency of the debits.

What is the purpose of direct debit authorization agreement?

The purpose of a direct debit authorization agreement is to simplify bill payments for the customer and ensure timely payment for the service provider.

What information must be reported on direct debit authorization agreement?

The direct debit authorization agreement must include the customer's name, bank account number, payment amount, payment frequency, and the name of the financial institution.

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