answersLogoWhite

0

A preauthorized transfer is a recurring payment or transfer that you have authorized a financial institution to make on your behalf, such as automatic bill payments or direct deposits. This authorization allows the institution to withdraw or deposit funds from your account without the need for you to initiate the transaction each time.

User Avatar

AnswerBot

1y ago

What else can I help you with?

Related Questions

What does pet stand for on a bank payment?

I can't say for sure but according to my research the most likely candidate is Preauthorized electronic transfer. Check the payment again and see if you have set this up at your bank or online for a preauthroized fund transfer.


What is the process for setting up preauthorized withdrawals from my account?

To set up preauthorized withdrawals from your account, you typically need to provide the company or individual with your account information, such as your account number and routing number. You may also need to sign an authorization form allowing them to withdraw funds from your account on a regular basis. It's important to review and understand the terms of the agreement before setting up preauthorized withdrawals.


Does Microsoft store accept debit cards?

No because my Visa check card won't work there and they preauthorized $1 out of my checkbook


Can you transfer Pokemon for a R4 chip?

If you mean a transfer in pokemon transfer lab, no you can't transfer it


Does satellites in space transfer light?

If by transfer you mean reflect then yes they do.


What transfer mean?

to exchange or trade.


What do you mean by transfer?

transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,


What does convey mean on a quit claim deed?

Convey is the term used to mean the transfer of the title to real estate to a new owner. To convey land means to sell it or transfer it to a new owner.Convey is the term used to mean the transfer of the title to real estate to a new owner. To convey land means to sell it or transfer it to a new owner.Convey is the term used to mean the transfer of the title to real estate to a new owner. To convey land means to sell it or transfer it to a new owner.Convey is the term used to mean the transfer of the title to real estate to a new owner. To convey land means to sell it or transfer it to a new owner.


What does transfer mean?

transferable


What does the technique transfer mean?

Short for PFF


What do you mean by transfer pricing?

transfer pricing is in the case of transferred with in the organisation the pricing of contribution for assets ,


What kind of transfer oil in 95 suburban?

I assume you mean transfer case. The answer is dexron 3