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AUTHORIZATION FOR ELECTRONIC FUNDS TRANSFER Name: Address: City/State/Zip: Home Phone: Day Phone: Email: I hereby authorize Houghton College to initiate debit entries to my checking or savings account
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How to fill out authorization for electronic funds

01
Fill out the top section of the form with your personal information such as name, address, and contact details.
02
Specify your bank account details including the account number and routing number.
03
Indicate the company or individual you are authorizing to withdraw funds from your account.
04
Include the amount or frequency of the withdrawals in the designated section.
05
Sign and date the form to confirm your authorization.
06
Make a copy of the completed form for your records.

Who needs authorization for electronic funds?

01
Individuals who want to authorize a company or individual to withdraw funds from their bank account electronically.
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Authorization for electronic funds is the process of giving permission for a third party to access and withdraw funds from a bank account electronically.
Any individual or organization that wants to make electronic withdrawals from a bank account is required to file authorization for electronic funds.
Authorization for electronic funds is typically filled out by providing the necessary banking information, such as account number, routing number, and the amount of funds to be withdrawn.
The purpose of authorization for electronic funds is to ensure that only authorized parties can access and withdraw funds from a bank account electronically.
Information such as the account holder's name, bank account number, routing number, the amount of funds to be withdrawn, and the frequency of withdrawals must be reported on authorization for electronic funds.
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