Get the free Automatic Bank Draft Authorization. Automatic Bank Draft Authorization

Anthem Blue Cross and Blue Shield 2015 Staples Mill Road PO Box 27401 Richmond, Virginia 23279Dear Member, Thank you for your interest in our Automated Bank Draft for your Anthem premium payments.

How to fill out automatic bank draft authorization

How to fill out automatic bank draft authorization

1. Obtain an automatic bank draft authorization form from your bank or financial institution.
2. Fill out the form completely with accurate information including your name, address, account number, and the amount you authorize to be drafted.
3. Sign and date the form to authorize the bank to withdraw funds from your account on a regular basis.
4. Submit the completed form to your bank or financial institution for processing.

Who needs automatic bank draft authorization?

1. Individuals who want to automate their bill payments and ensure timely payments without having to manually initiate transactions.
2. Businesses that want to set up recurring payments for expenses or subscriptions.
3. Landlords who want to collect rent payments directly from tenants' bank accounts.

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What is automatic bank draft authorization?

Automatic bank draft authorization is a permission granted by an account holder to a financial institution or a company to withdraw funds directly from their bank account on a scheduled basis, typically for recurring payments.

Who is required to file automatic bank draft authorization?

Individuals or businesses that wish to set up automatic withdrawals for bills, subscriptions, or loan payments are required to file automatic bank draft authorization with their bank or service provider.

How to fill out automatic bank draft authorization?

To fill out an automatic bank draft authorization form, you typically need to provide your bank account information, including the account number, routing number, the amount to be drafted, the frequency of the drafts, and your signature to authorize the agreement.

What is the purpose of automatic bank draft authorization?

The purpose of automatic bank draft authorization is to streamline payment processes by allowing automatic deductions from a bank account, ensuring timely payments and reducing the likelihood of late fees or missed payments.

What information must be reported on automatic bank draft authorization?

The information that must be reported includes the account holder's name, bank account number, routing number, payment amount, payment frequency, and the entity authorized to withdraw funds.