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INFORMATION FOR BIDDERS
BIDS will be received by the CITY OF MAYSVILLE UTILITY DEPARTMENT,
hereinafter called CITY, at the Municipal Building (216 Bridge Street, Maysville, Kentucky)
until 10:00 AM,
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How to fill out authorization for bank drafts
How to fill out authorization for bank drafts
01
Obtain the authorization form for bank drafts from your bank.
02
Fill out your personal information including name, address, and contact details.
03
Provide your bank account details including account number and routing number.
04
Specify the amount you authorize the bank to deduct from your account via drafts.
05
Sign and date the authorization form to make it legally binding.
Who needs authorization for bank drafts?
01
Individuals who want to automate bill payments.
02
Businesses that need to make regular payments to vendors or suppliers.
03
Organizations that collect membership fees or donations on a recurring basis.
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What is authorization for bank drafts?
Authorization for bank drafts is a process by which a customer gives permission to their bank to create drafts that will withdraw funds from their account.
Who is required to file authorization for bank drafts?
Individuals or businesses that intend to use bank drafts for transactions are required to file authorization for bank drafts.
How to fill out authorization for bank drafts?
To fill out authorization for bank drafts, you need to provide your bank information, the amount to be drafted, the frequency of the drafts, and your signature to confirm your consent.
What is the purpose of authorization for bank drafts?
The purpose of authorization for bank drafts is to establish formal consent between the customer and the bank to facilitate automatic withdrawals for payments.
What information must be reported on authorization for bank drafts?
The information that must be reported includes the account holder's name, account number, the amount of the draft, the entity allowed to draft the account, and the frequency of drafts.
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