Get the free AUTHORIZATIN FOR AUTOMATIC DEBIT OF - VIVA Life Science

AUTHORIZATION FOR AUTOMATIC DEBIT I hereby authorize VIVA LIFE SCIENCE, INC., to make withdrawals from time to time from the account identified below and authorize the DFI (Depository Financial Institution)

How to fill out authorizatin for automatic debit

How to fill out authorization for automatic debit:

1. Start by obtaining the necessary authorization form from your bank or financial institution. This could typically be done by visiting the bank's website, contacting their customer service, or visiting a branch in person.
2. On the form, you will be required to provide your personal information, such as your full name, residential address, contact number, and email address. Make sure to fill in all the required fields accurately.
3. Provide your account details, including the account number and the type of account you wish to link for automatic debit. This could be your checking account, savings account, or any other specific account you hold.
4. Specify the payment amount and frequency for automatic debits. This refers to the amount of money that you authorize the bank to deduct from your account and how often this deduction should occur. For example, you might choose to have a monthly payment of $100 deducted from your account.
5. Indicate the start and end dates for the automatic debit. This is the period during which you want the automatic debits to be active. For ongoing payments, you may leave the end date blank or provide a future date until you wish to cancel the authorization.
6. Read through the terms and conditions provided on the form. It is important to understand the rights and responsibilities associated with automatic debits. If you have any questions or concerns, reach out to your bank for clarification.
7. Sign and date the authorization form. Your signature confirms that you have read and understood the terms and conditions, and you willingly authorize the bank to initiate automatic debits from your designated account.

Who needs authorization for automatic debit?

1. Individuals who have recurring payments, such as utility bills, mortgage payments, or subscription services, may need authorization for automatic debit. This allows them to simplify the payment process and ensure that payments are made on time without manual intervention.
2. Businesses and organizations that offer subscription-based services or recurring payments may also require authorization for automatic debit. This helps streamline their payment collection process and reduces the chances of missed payments.
3. It is important to note that authorization for automatic debit is a personal decision. Before opting for automatic debits, individuals should assess their financial situation, ensure sufficient funds are available in their account, and be aware of any fees associated with this service.

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