Get the free Bank Draft Authorization Form - Warren County Utility District

06/2023BANK DRAFT AUTHORIZATION UTILITY DEPARTMENT To initiate a monthly payment bank draft for utility services, this authorization form must be completed and returned to Liberty Water & Sewer Department PO Box 716, Liberty, SC 296570716 or gturner@libertysc.com. The bill must be paid as usual until notified via billing statement that the draft is in effect. A billing statement will still be issued monthly showing DO NOT PAY DRAFTED with the date of the draft. Your account will be

How to fill out bank draft authorization form

How to fill out bank draft authorization form

1. Obtain the bank draft authorization form from your bank.
2. Fill in your personal details, such as your name, address, and contact information.
3. Provide the account details for the bank account you want to draft payments from, including account number and routing number.
4. Specify the amount to be drafted and the frequency (e.g., one-time, weekly, monthly).
5. Include the name of the payee or the company that will be receiving the payment.
6. Sign and date the form to authorize the transaction.
7. Review the form for accuracy and completeness.

Who needs bank draft authorization form?

1. Individuals who want to automate their bill payments.
2. Businesses that require recurring payments to suppliers or service providers.
3. Anyone looking to set up a direct debit for loans or mortgage repayments.
4. Customers of banks offering automatic payment options for convenience.

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What is bank draft authorization form?

A bank draft authorization form is a document that allows an individual or business to authorize a bank to automatically debit their account for payments.

Who is required to file bank draft authorization form?

Individuals or businesses that want to set up recurring payments or transfers through bank drafts are required to file a bank draft authorization form.

How to fill out bank draft authorization form?

To fill out a bank draft authorization form, you typically need to provide your bank account details, the amount to be drafted, the frequency of the draft, and your signature authorizing the transactions.

What is the purpose of bank draft authorization form?

The purpose of a bank draft authorization form is to give consent to a financial institution to withdraw funds from an account to cover specified payments automatically.

What information must be reported on bank draft authorization form?

The information required on a bank draft authorization form usually includes the account holder’s name, bank account number, routing number, payment amount, payment schedule, and the signature of the account holder.