Get Sample Bank Draft Form

Filling out the Sample Bank Draft Form online is a straightforward process designed to help users authorize bank draft payments for insurance policies. This guide provides clear instructions to ensure you complete each section accurately and efficiently.

Follow the steps to complete your form without errors.

1. Click ‘Get Form’ button to access the form and open it in the editor.
2. Enter the client name as it appears on your policy. If your address has changed, provide your new address in the designated area.
3. Input client (payor) name along with their email address if applicable. Complete the street address, city, state, and zip code fields.
4. Choose to either change specific policies listed below or change all bank draft policies associated with an existing account. For individual policies, fill in the insured name, policy number, and the amount due.
5. Determine the draft day by selecting ONE policy from your existing bank draft if applicable, or use the section to enter a draft day (1-28) based on your paid-to-date.
6. Select the type of account to be drafted (e.g., checking or savings). If using a savings account, ensure to verify with your bank that it can be drafted.
7. Attach a voided check that reflects the account you wish to draft from and have the payor (depositor) sign and date the Bank Draft Authorization form.
8. Complete the section for bank details, including the bank name, address, city, state, and zip. Ensure the savings account number is accurate.
9. Once everything is filled out correctly, save your changes, and you can choose to download, print, or share the completed form as required.

Start filling out your documents online today to streamline your banking processes.