Electronic Debit Authorization Form - New York

Electronic Debit Authorization Form is a legal document that was released by the Office of the New York State Comptroller - a government authority operating within New York.

FAQ

Q: What is an Electronic Debit Authorization Form?A: An Electronic Debit Authorization Form is a document that allows a company or organization to debit funds directly from your bank account using electronic means.

Q: Why would I need to fill out an Electronic Debit Authorization Form?A: You may need to fill out an Electronic Debit Authorization Form if you want to authorize a company or organization to automatically withdraw funds from your bank account to pay for goods or services.

Q: Is an Electronic Debit Authorization Form legally binding?A: Yes, an Electronic Debit Authorization Form is a legally binding document that gives the company or organization permission to withdraw funds from your bank account.

Q: What information is required on an Electronic Debit Authorization Form?A: Typically, an Electronic Debit Authorization Form will require your name, bank account number, bank routing number, and the amount and frequency of the debits.

Q: Can I cancel or revoke an Electronic Debit Authorization?A: Yes, you can cancel or revoke an Electronic Debit Authorization at any time by contacting your bank or the company or organization that you authorized to withdraw the funds.