Electronic transfer deposit authorization form 2025

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The recurring Electronic Funds Transfer (EFT) Authorization form is among the most popular forms in Financial Services and multiple industries. It makes recurring payments easier for you and your customer.
An electronic funds transfer (EFT), or direct deposit, is a digital money movement from one bank account to another. These transfers take place independently from bank employees.
What is an EFT? Electronic funds transfers (EFTs) are transactions that move funds electronically between different financial institutions, bank accounts, or individuals. EFTs are frequently referred to as electronic bank transfers, e-checks, or electronic payments.
Registered organizations have the ability to pay for queries via Electronic Funds Transfer (EFT). Organizations choosing to pay by EFT must submit an Electronic Funds Transfer Authorization form before EFT payments can be processed.
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