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EFT Authorization Form - Boston College - bc

EFT Authorization Form - Boston College - bc 2025

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The document is an Authorization Form for Direct Deposit of Cash Advances and Travel & Expense Reimbursements at Boston College. It outlines the process for employees to receive reimbursements electronically into their designated bank account, as specified in their Agora profile. The form requires employee information and authorization for direct deposit, emphasizing the responsibility of employees to verify payments. It also provides instructions for submitting the form.

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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.

What is an EFT document?

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. As a digital transaction, there is no need for paper documents.

What is EFT payment form?

Electronic funds transfer (EFT)is the electronic exchange, transfer of money from one account to another, either within a single financial institution or across multiple institutions, through computer-based systems.

What is an EFT authorization form?

An Automated Clearing House (ACH) authorization is a payment authorization that gives the lender permission to electronically take money from your bank, credit union, or prepaid card account when your payment is due. You can revoke this authorization.