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Call and write your bank or credit union. Tell your bank that you have ?revoked authorization? for the company to take automatic payments from your account. Click here for a sample letter. Some banks and credit unions may offer you an online form.
To cancel your Bank Guarantee, one of the following needs to occur: You or the Favouree returns the original Bank Guarantee. The Favouree provides a Letter of Cancellation or a Cancellation Form (Favouree use) The expiry date of the Bank Guaranteeis reached, so no further action is required by you or the Favouree.
A letter of guarantee can be canceled when the validity of the letter ends. To cancel a letter of guarantee, the beneficiary must submit the original letter of guarantee and request that the bank cancels it. Once it is canceled, you cannot perform any further transactions on the letter of guarantee.
You can stop electronic debits to your account by revoking the payment authorization, sometimes called an ?ACH authorization." You have the right to stop a payday lender from taking automatic electronic payments from your account, even if you previously allowed them.
To Whom It May Concern: [Company name] no longer has my permission to take automatic debit payments from my bank account. I have revoked the authorization that had enabled this company to debit my account via electronic funds transfer.