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WATtimesThis document contains both information and form fields. To read information, use the Down Arrow from a form field. WINTER 2019VOLUME 24 | NUMBER 1PUBLISHED BY THE RETIREES ASSOCIATION AND

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How to fill out automatic funds transfer authorization

01

Obtain the automatic funds transfer authorization form from your bank or financial institution.

02

Fill out your personal information such as name, address, account number, and contact information.

03

Specify the amount and frequency of the transfers you would like to set up.

04

Provide the necessary banking information for the accounts involved in the transfer.

05

Sign and date the form to authorize the automatic funds transfer.

Who needs automatic funds transfer authorization?

01

Anyone who wants to automate regular transfers between accounts such as savings to checking, or to make regular payments like mortgage or utility bills.

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What is automatic funds transfer authorization?

Automatic funds transfer authorization is a process where a customer gives permission to a financial institution to transfer funds from one account to another on a regular basis.

Who is required to file automatic funds transfer authorization?

Any individual or organization that wants to automate regular payments or transfers between accounts is required to file automatic funds transfer authorization.

How to fill out automatic funds transfer authorization?

To fill out automatic funds transfer authorization, you need to provide your account information, the recipient's account information, the frequency of the transfers, and any additional instructions.

What is the purpose of automatic funds transfer authorization?

The purpose of automatic funds transfer authorization is to simplify the process of making regular payments or transfers without the need for manual intervention each time.

What information must be reported on automatic funds transfer authorization?

The information required on automatic funds transfer authorization includes account numbers, routing numbers, transfer amounts, frequency of transfers, and any special instructions.

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