Get Electronic Funds Transfer Authorization (for Inforce Policies Only) Banner Life Insurance Company

What is that? An Automated Clearing House (ACH) authorization is a payment authorization that gives the lender permission to electronically take money from your bank, credit union, or prepaid card account when your payment is due.

What Is an EFT? An electronic funds transfer, or EFT, is the electronic message used by health plans to order a financial institution to electronically transfer funds to a provider's account to pay for health care services. An EFT includes information such as: Amount being paid.

What is EFT? With Electronic Fund Transfer (EFT), you use your checking account to pay your insurance premium directly each month - without writing a check. That saves you time and money!

The Electronic Funds Transfer Authorization Form contains a form that may be used to gather information from your employees that is needed to establish an electronic funds transfer program. The file is in rich text format (RTF) that is suitable for use with most word processing programs used in the Windows environment.

With EFT, we'll make your payments automatically and electronically into the bank account of your choice. EFT means speed and ease for your business. Get paid faster. Receive prompt electronic payments right to your bank account up to one week faster than with paper checks. Save time and effort.

Electronic funds transfer (EFT) is a transfer of funds is initiated through an electronic terminal, telephone, computer (including on-line banking) or magnetic tape for the purpose of ordering, instructing, or authorizing a financial institution to debit or credit a consumer's account.