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Bank Draft Plan
EFT Premium Authorization
The Premium Mayor hereby authorizes Premier Access Insurance Company to debit his/her account or
accounts by means of check or draft drawn or other order
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How to fill out bank draft plan

How to fill out a bank draft plan:
01
Gather all required information: Before you start filling out the bank draft plan, make sure you have all the necessary details handy. This may include your bank account number, the recipient's bank account number, the amount to be drafted, and any additional information required by your bank.
02
Identify the purpose of the bank draft: Determine why you need to fill out a bank draft plan. Common reasons include paying bills, making payments for goods or services, or sending money to someone in another country.
03
Visit your bank or access online banking: If you prefer to fill out the bank draft plan in person, visit your bank branch and ask for assistance from a staff member. Alternatively, if your bank offers online banking services, log in to your account and navigate to the section where bank draft plans can be generated.
04
Provide the necessary information: Follow the instructions provided by your bank or online banking platform to complete the bank draft plan. Enter your bank account number, the recipient's bank account number, the amount to be drafted, and any additional required information. Double-check all the details to avoid errors.
05
Verify the draft details: Review the information you have entered before finalizing the bank draft plan. Ensure that the account numbers, names, and amounts are correct to avoid any unnecessary complications or delays.
06
Authorize the bank draft: Depending on your bank's procedure, you may need to sign the bank draft plan or approve it electronically through online banking. Follow the prescribed steps to provide the necessary authorization.
07
Keep a copy for your records: Once your bank draft plan is completed and authorized, make sure to obtain a copy for your records. This can be in the form of a printed document from the bank or a digital copy if you completed the process online.
Who needs a bank draft plan?
01
Individuals making large payments: Bank draft plans are often used by individuals who need to make large payments, such as paying rent or purchasing expensive items. It provides a secure and convenient method of transferring funds.
02
Businesses and organizations: Many businesses and organizations use bank draft plans to pay suppliers, vendors, or employees. It ensures timely and reliable payments while maintaining a record of transactions.
03
International transactions: Bank draft plans are commonly used for international transactions where wire transfers or other payment methods may not be available or convenient. It allows individuals or businesses to send funds internationally in a secure and regulated manner.
In summary, to fill out a bank draft plan, gather the necessary information, visit your bank or access online banking, provide the required details, verify the draft information, authorize the bank draft, and keep a copy for your records. Bank draft plans are beneficial for individuals making large payments, businesses and organizations, and those involved in international transactions.
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