Electronic Funds Transfer Authorization Form - Massachusetts

Electronic Funds Transfer Authorization Form is a legal document that was released by the Massachusetts Department of Revenue - a government authority operating within Massachusetts.

FAQ

Q: What is an Electronic Funds Transfer Authorization Form?
A: An Electronic Funds Transfer Authorization Form is a document that allows an individual or organization to authorize the transfer of funds electronically from their bank account.

Q: What is the purpose of an Electronic Funds Transfer Authorization Form?
A: The purpose of an Electronic Funds Transfer Authorization Form is to give permission for funds to be transferred electronically, instead of using traditional methods such as checks or cash.

Q: Who typically uses an Electronic Funds Transfer Authorization Form?
A: Individuals or organizations who need to make regular payments or receive regular payments may use an Electronic Funds Transfer Authorization Form. Examples include employers, landlords, and utility companies.

Q: What information is typically required on an Electronic Funds Transfer Authorization Form?
A: An Electronic Funds Transfer Authorization Form usually requires information such as the individual or organization's bank account number, routing number, and authorization signature.

Q: Is an Electronic Funds Transfer Authorization Form legally binding?
A: Yes, an Electronic Funds Transfer Authorization Form is legally binding. By signing the form, the individual or organization is giving consent for funds to be electronically transferred from their bank account.