ELECTRONIC FUNDS TRANSFER (EFT) AUTHORIZATION ... 2025

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  1. Click ‘Get Form’ to open the ELECTRONIC FUNDS TRANSFER (EFT) AUTHORIZATION in the editor.
  2. In Part I, select your reason for submission: New EFT Enrollment, Change to Current EFT Enrollment, or Cancel EFT Enrollment. If applicable, attach a letter authorizing payment to the Chain Home Office.
  3. Proceed to Part II and fill in the Account Holder Information. Enter the legal business name, address, Tax Identification Number (TIN), and Medicare Identification Number if issued.
  4. In Part III, provide Financial Institution Information including the bank's name, address, routing number, and account number. Ensure all details are accurate for processing.
  5. Complete Part IV by entering the Contact Person’s details who will handle inquiries regarding this form.
  6. Finally, in Part V, authorize the agreement by signing and dating it. Ensure that you use black or blue ink for your signature before submitting.

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Preauthorized electronic fund transfer is an EFT authorized in advance to recur at substantially regular intervals (12 CFR 1005.2(k)). Service fee means a periodic fee for holding or use of a gift certificate, store gift card, or general- use prepaid card.
Interac e-Transfers are one of the quickest ways to send money to another person or to yourself, with funds typically arriving in under 30 minutes. Money sent through e-Transfers are available immediately, unlike EFTs, which can be subject to a hold period.
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.
Electronic funds transfer (EFT) is the transfer of money from one bank account to another, either within a single financial institution or across multiple institutions, via computer-based systems.