I am writing this letter to withdraw my admission. It is to humbly request you to kindly cancel my admission.Authorize a financial advisor to make electronic withdrawals from a my529 account into the bank account. Also used to cancel authorization. 760. Confused about direct deposit? Learn about authorization forms, direct deposit setup, and software that can streamline the process in this guide from Eddy. We will automatically deduct funds from your bank account on the day you specified each month until you notify us in writing to terminate the authorization. Contact your bank for a power of attorney form. Information and instructions, including forms for Uniform Commercial Code (UCC) filings with the Utah Division of Corporations and Commercial Code. Sample Authorization Letter for Opening Bank Account - Free download as (.