Authorization for Withdrawal of Funds is a document that is used to authorize someone to withdraw funds from a financial account. This document is typically signed by the account holder and the person who is designated to make the withdrawal. This authorization allows the designated person to withdraw funds from the account without the account holder’s presence. There are two main types of Authorization for Withdrawal of Funds: Single Authorization and Continuous Authorization. Single Authorization is a one-time authorization given to a designated person to withdraw a specific amount of funds from an account. Continuous Authorization is an authorization given to a designated person to make multiple withdrawals from an account for a specified period of time. Both types of Authorization for Withdrawal of Funds usually require the account holder’s signature, the designated person’s signature, and the financial institution’s signature. The document also typically includes details such as the account holder’s name, the designated person’s name, the amount of funds to be withdrawn, the purpose of the withdrawal, and the period of authorization (if applicable).
Authorization for Withdrawal of Funds
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How to fill out Authorization For Withdrawal Of Funds?
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