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Authorization for EFT Payments Attach Void Check - The Standard 2025

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The document is an authorization form for electronic funds transfer (EFT) payments to Standard Insurance Company for individual annuities. It outlines the steps to complete the form, including attaching a void check, and provides details for contract identification and financial institution information. The authorization agreement allows Standard Insurance Company to debit specified amounts from the account for premium payments, with conditions regarding notification of termination and maintaining sufficient account balance.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is EFT check payment?

An authorization is issued immediately; however, it takes 48 hours for the money to be moved. 24. How long does it take for an EFT (electronic funds transfer) transaction to process? EFT transactions typically take 48 72 hours to settle.

What is an EFT check?

There are two parties: the sender of funds and the receiver of funds. Once the sender initiates the transfer, the request channels through a series of digital networks from the Internet or a payment terminal to the senders bank and then to the receivers bank.

What does EFT authorization mean?

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.

How long does EFT authorization take?

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.

How does EFT payment work?

How to Make an EFT Payment: A Step-by-Step Guide Gather necessary information. Choose your payment method. Log in to your banking platform. Enter payment details. Review and confirm the payment. Track the payment.

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