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Pool Adjustment Form Demolish Water Works and Sewer Board P.O. Box 350 Demolish, Alabama 36732 (334) 2893328 (334) 2893381 Mandate:___Name:___ Service Address:___ Account #:___ Primary Phone No.:___Cell

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How to fill out automatic draft agreement

01

Gather all necessary information required for the automatic draft agreement such as names of parties involved, payment details, frequency of drafts, and any relevant terms and conditions.

02

Determine if the agreement will be set up electronically or manually with the bank or financial institution.

03

Complete the necessary forms provided by the bank or financial institution with the required information.

04

Review the draft agreement for accuracy and make any necessary corrections before submitting it.

05

Sign the agreement either electronically or in person as required by the bank or financial institution.

06

Submit the signed agreement to the bank or financial institution for processing.

Who needs automatic draft agreement?

01

Individuals who want to automate their bill payments and ensure timely payments without the need for manual intervention.

02

Businesses that want to streamline their payment processes and avoid late payments by setting up automatic drafts for recurring expenses.

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What is automatic draft agreement?

An automatic draft agreement is a financial arrangement where a payee is authorized to withdraw funds directly from a payer's bank account on a recurring basis for payments, such as subscriptions or loans.

Who is required to file automatic draft agreement?

Typically, businesses or entities that require regular payments from customers or clients are required to file an automatic draft agreement.

How to fill out automatic draft agreement?

To fill out an automatic draft agreement, provide your personal information, bank account details, the amount to be drafted, frequency of withdrawals, and your signature authorizing the agreement.

What is the purpose of automatic draft agreement?

The purpose of an automatic draft agreement is to facilitate seamless payment collection, ensuring timely payments without the need for manual intervention.

What information must be reported on automatic draft agreement?

The information that must be reported includes the payer's name, bank account details, payment amount, payment frequency, and authorization signatures.

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