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Arkansas Sample Letter for Cancellation of Direct Debit Authorization

State:
Multi-State
Control #:
US-0411LR
Format:
Word; 
Rich Text
Instant download

Description

Sample Letter for Cancellation of Direct Debit Authorization
Subject: Cancellation of Direct Debit Authorization — [Account Holder's Name] [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Bank's Name] [Bank's Address] [City, State, ZIP Code] Dear [Recipient's Name], I am writing to formally request the cancellation of my Direct Debit Authorization, effective immediately, associated with my [Account Type] in [Bank's Name]. Please consider this letter as a formal notice to cease all direct debit transactions from my account. Account Details: — Account Holder's Name: [Account Holder's Name] — Account Number: [Account Number— - Branch Location: [Branch Location] I have decided to cancel this authorization as I am in the process of reorganizing my financial obligations and would like to have more control over my outgoing payments. Kindly terminate any automatic debits linked to my account immediately, including but not limited to: 1. [Specify Company/Service Name]: [Transaction Amount] 2. [Specify Company/Service Name]: [Transaction Amount] 3. [Specify Company/Service Name]: [Transaction Amount] [Add additional service providers if applicable] To ensure a smooth transition, please confirm the cancellation of this direct debit authorization in writing, specifying the effective date of termination. Additionally, I request that you send me a final statement of account, showing any pending transactions scheduled around the cancellation date, if applicable. I would like to reiterate that the cancellation should come into effect immediately to avoid any further deductions from my account. I hold the bank responsible for any unauthorized debits made after the requested termination date. Please feel free to contact me at the provided contact information if you require any further details or if there are any necessary procedures that I need to follow to ensure the smooth cancellation of this direct debit authorization. Thank you for your prompt attention to this matter. I appreciate your cooperation. Yours sincerely, [Your Name]

Subject: Cancellation of Direct Debit Authorization — [Account Holder's Name] [Your Name] [Your Address] [City, State, ZIP Code] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Position] [Bank's Name] [Bank's Address] [City, State, ZIP Code] Dear [Recipient's Name], I am writing to formally request the cancellation of my Direct Debit Authorization, effective immediately, associated with my [Account Type] in [Bank's Name]. Please consider this letter as a formal notice to cease all direct debit transactions from my account. Account Details: — Account Holder's Name: [Account Holder's Name] — Account Number: [Account Number— - Branch Location: [Branch Location] I have decided to cancel this authorization as I am in the process of reorganizing my financial obligations and would like to have more control over my outgoing payments. Kindly terminate any automatic debits linked to my account immediately, including but not limited to: 1. [Specify Company/Service Name]: [Transaction Amount] 2. [Specify Company/Service Name]: [Transaction Amount] 3. [Specify Company/Service Name]: [Transaction Amount] [Add additional service providers if applicable] To ensure a smooth transition, please confirm the cancellation of this direct debit authorization in writing, specifying the effective date of termination. Additionally, I request that you send me a final statement of account, showing any pending transactions scheduled around the cancellation date, if applicable. I would like to reiterate that the cancellation should come into effect immediately to avoid any further deductions from my account. I hold the bank responsible for any unauthorized debits made after the requested termination date. Please feel free to contact me at the provided contact information if you require any further details or if there are any necessary procedures that I need to follow to ensure the smooth cancellation of this direct debit authorization. Thank you for your prompt attention to this matter. I appreciate your cooperation. Yours sincerely, [Your Name]

How to fill out Arkansas Sample Letter For Cancellation Of Direct Debit Authorization?

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FAQ

To Whom It May Concern: I currently have my payment for account number automatically withdrawn from my account # . Effective immediately, I would like to cancel these automatic withdrawals and submit this letter as written notification of my termination of your company's authorization to debit my account.

To stop payment, you need to notify your bank at least three business days before the transaction is scheduled to be made and your bank may charge a fee. The notice to stop the transaction may be made orally or in writing. A bank can require written confirmation of an oral stop payment request.

You can usually cancel a pre-authorized payment by: Notifying your credit card provider. You can usually log in to online banking, write a letter or call your credit card provider to cancel a pre-authorized payment.

If you've authorized ACH payments that you want to stop, you have a legal right to revoke your authorization. To do so, call or write the biller to request that they stop taking automatic payments. Let your bank or credit union know, too, by writing a letter.

Once posted, it typically takes 2-3 days for the pre-authorization charge to be removed by your bank.

To cancel a recurring ACH payment, you'll need to first contact the company you're paying and inform them that you're revoking their access to your account. You can do this over the phone, or you can write the company stating clearly that you are revoking authorization.

When using pre authorizations, there is no payment to refund, the hold is simply canceled. Overall, the process of accepting pre authorized charges is easy, and provides merchants with a slough of benefits, including reducing costs and gaining happy customers.

Authorization reversals notify the issuer that all, or part, of a sale has been cancelled and that the authorization hold should be released. With missing or non-matching data elements, the issuer will not be able to match the authorization reversal to the original authorization.

This is to inform you I, your name, am having a saving account (A/c No. xxxxx) in your bank. I want to deactivate ECS debited from my account in favour of name of the payee/ company name. Kindly take the required action at your earliest.

4 Ways to Stop Automatic Payments From Your Checking AccountCancel your recurring charges through auto-pay.Contact the company to revoke authorization.Contact your bank to revoke authorization.Request a stop payment order.

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Arkansas Sample Letter for Cancellation of Direct Debit Authorization