Direct Deposit Billing Authorization
This document asks for the tenants authorization to automatically debit a tenants' bank account for the rent.
Who: Give this document to tenants who wish to have their rent automatically deducted from their bank account.
What: This is a document authorizing regular rent deductions via a direct deposit/electronic funds transfer.
When: Give this document to a tenant when you wish to initiate automatically charging their bank account for rent.
Please Note: Some banking institutions require the use of their own forms to initiate this type of arrangement.
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