Get Application For Electronic Funds Transfer (eft) - Abandoned Vehicle Program - Michigan

This guide provides clear instructions on completing the Application for Electronic Funds Transfer (EFT) in Michigan’s Abandoned Vehicle Program. Follow these steps to ensure you fill out the form accurately and efficiently.

Follow the steps to successfully complete the form.

1. Click ‘Get Form’ button to obtain the application form and open it for editing.
2. Provide your company name in the designated field. Ensure the name matches the records held by your financial institution.
3. Fill in your complete address, including the street, city, county, state, and zip code. This information helps ensure accurate processing.
4. Enter your telephone number and fax number, if applicable, for communication purposes.
5. State your dealer number and contact person's name to identify your organization within the program.
6. In the section for authorization of variable withdrawals, fill in the name of your Depository Financial Institution (DFI). This refers to the bank account from which funds will be withdrawn.
7. Enter your DFI routing and transit number, and the account number to debit, ensuring these numbers are accurate for successful transactions.
8. Indicate the type of account (checking or savings) by selecting the appropriate option.
9. Print the name and address of the authorizing party, which requires a signature to validate your application.
10. Indicate if this is a new EFT account or a change of an existing bank account by marking the appropriate option.
11. Provide the date when the old account will no longer be used if you marked yes to a bank account change.
12. Fill in the federal identification number for identification purposes in transactions.
13. Estimate the amount you plan to transfer daily, which helps the department understand your transaction volume.
14. Attach a voided check and a deposit ticket to the application, as these documents are necessary for processing your account setup.
15. After completing all sections, review your application for accuracy. Once everything is verified, you can save the changes, download, print, or share the form as necessary.

Complete your application online today to ensure efficient processing of your Electronic Funds Transfer.