State Form 50109 (EFT-BIC) Bank Information Change - ACH Debit - Indiana

What Is State Form 50109 (EFT-BIC)?

This is a legal form that was released by the Indiana Department of Revenue - a government authority operating within Indiana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is State Form 50109?
A: State Form 50109 is a form used in Indiana for changing bank information for ACH Debit transactions.

Q: What does EFT-BIC stand for?
A: EFT-BIC stands for Electronic Funds Transfer Bank Identification Change.

Q: What is ACH Debit?
A: ACH Debit is a type of electronic payment where money is withdrawn directly from a bank account.

Q: Who uses State Form 50109?
A: State Form 50109 is used by individuals or businesses in Indiana who need to change their bank information for ACH Debit transactions.

Q: What is the purpose of changing bank information on the form?
A: The purpose of changing bank information on the form is to ensure that future ACH Debit transactions are processed correctly.

Q: Can this form be used for other states?
A: No, State Form 50109 is specific to the state of Indiana and cannot be used for other states.

Q: Are there any fees for using State Form 50109?
A: There may be fees associated with using State Form 50109. It is best to check with the Indiana government or the form instructions for specific details.

Q: Is it mandatory to use State Form 50109 for bank information changes?
A: Yes, if you are an individual or business in Indiana and need to change your bank information for ACH Debit transactions, it is mandatory to use State Form 50109.

Q: Is there a deadline for submitting the form?
A: There may be a deadline for submitting State Form 50109. It is advisable to check the form instructions or contact the relevant authorities for specific guidelines.