Get Authorization Agreement For Automatic Debit Payments Ach

The authorization agreement for automatic debit payments is a convenient way to manage your loan payments. By completing this form online, you can ensure timely payments without the need for checks. This guide will walk you through the necessary steps to fill out the form accurately.

Follow the steps to accurately complete the form.

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. Begin by filling out the borrower's name in the designated field, and include the social security number or account number associated with your loans.
3. Provide the name of the account holder, which can be the same as the borrower's name if applicable. Indicate this by checking the box if offered.
4. Enter the financial institution’s name where your checking or savings account is held.
5. Fill in the bank routing number, which is typically a nine-digit number found on your checks.
6. Next, provide your bank account number, which is the number that identifies your specific account at the bank.
7. Specify the date you wish to begin the ACH debit payments, ensuring that it aligns with your payment schedule.
8. Indicate the amount of the automatic debit, which will generally be the total minimum monthly payment due unless otherwise specified.
9. Review all the information filled in to ensure accuracy, as any errors may delay processing.
10. Sign the authorization section, confirming that you grant Georgia Student Finance Authority permission to debit your account. Enter the date of your signature.
11. Submit the completed form along with a voided check through mail, email, or fax as specified.
12. After submission, allow up to two weeks for processing before your next payment due date. You may download or print the form for your records.

Take control of your payments and complete the authorization agreement online today!