This is a template used to create and fill-out a Direct Deposit Authorization Form which is a document between a borrower and a lender containing details of the loan for record and tracking of payment.
First, enter the company name. Next, check the box for automatic deposits and enter the company name again. Then select your account type by checking the appropriate box for checking or savings.
The next step will be to enter your bank information. Start with the name of your bank. Enter the city or branch name your bank is located. Next, enter the city your bank is located in. Then enter the state and zip code.
Enter your bank’s transit number, this is also known as a bank routing number. Then enter your bank account number. Complete the form by adding your name, the date, and your signature.
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