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AND TESTAMENT that is filed in your office for safekeeping. Authorization for Withdrawal of Will.This letter tells you when your automatic withdrawal will start. Setting up the automatic withdrawal with your bank takes about 20 days. This letter tells you when the automatic withdrawal will change. Changes to the automatic withdrawal with your financial institution (bank) take about 20 days. The authorization will be in your loan document and it may have a place for you to initial as approved. Automatic Withdrawal is also known as electronic funds transfer (EFT). Or fax the form and supporting documentation to CSC at 515-697-1555. After getting the completed form, CSC will send a letter to you.