We want to use ACH as a payment option for customer payments and are using NetSuite for financials. Seeking samples of language or forms folks use for seeking customer authorization as well as experience anyone may have with implementing same via NetSuite customer portal. Many thanks in advance.
Recommend ACH Payment Authorization Language
Answers
Ask your banker.
You may be aware of this...but if you aren't...there is a daily limit of dollar usage of ACH that is established by your bank based on your company credit standing. That limit could impact your plan to use ACH.
Our bank supplied the language for the authorization form.
I do not use ACH for receipts but I do for vendor payments. Teh bank provided the verbiage.
The form looks like this:
California Scottish Rite Foundation
Direct Deposit Authorization
This authorization request:
Is new Updates my bank information Cancels deposit service
Payee Information
Name Social Security Number
Street Address City/State/Zip
Telephone E-Mail
Bank Information Bank Account Type □ Checking □ Savings
Bank Name Bank Telephone Number
Your Account Number Bank Routing Number
Branch Street Address City/State/Zip
I hereby authorize the California Scottish Rite Foundation to initiate credit entries for deposit of payments to me and, if necessary, to initiate debit entries/adjustments for any credits made in error to my account at the above name Depository Institution. This authorization will remain in effect until the California Scottish Rite Foundation has received written notification to terminate or designate a new account/financial institution.
Attach Voided Check or Deposit Slip from you banking institution here
Payee Signature
Print Name Date Signed
Filed Under:
FP&A