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Recommend ACH Payment Authorization Language

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.

Answers

Robert Honeyman
Title: CFO
Company: Advanced Predictive Analytics
(CFO, Advanced Predictive Analytics) |

Ask your banker.

mark savitskie
Title: cfo
Company: marketplace homes
(cfo, marketplace homes) |

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.

Topic Expert
Brenda Goudey
Title: CFO/VP of Finance
Company: KDR Designer Showrooms
(CFO/VP of Finance, KDR Designer Showrooms) |

Our bank supplied the language for the authorization form.

Raymond D Godeke
Title: Vice President - Finance
Company: California Scottish Rite Foundation
(Vice President - Finance, California Scottish Rite Foundation) |

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

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