APPLICATION FOR ELECTRONIC FUNDS TRANSFER (EFT)
To initiate EFT from your checking account, please mail or fax a voided check and this completed form to the address listed above. To initiate EFT
from your savings account, please mail or fax a deposit slip and this form.
SSN or Account #:
Savings (Please confirm savings account number with your bank.)
Routing (ABA) Number:
The routing number is always nine digits; however, some bank
(ex. US Bank) may have a separate routing # for electronic
transactions. Please check with your financial institution.
Preferred Due Date (check one):
1st 5th 10th (default) 15th 20th
I hereby authorize The Student Loan People to initiate debit entries to my bank account indicated above and authorize the financial institution named
above to debit the same to such account. I understand that my monthly payment amount may change under certain circumstances. I understand that
my student loan account must be current before I am eligible to apply for the Electronic Funds Transfer (EFT). Furthermore, I understand that any
interest rate reduction incentive will be removed if a single payment fails to be processed due to insufficient funds.
(Please keep a copy of this form for your records)
Bank Account Owner’s Signature*
*Required only if the bank account owner is different from the borrower.
IMPORTANT INFORMATION ABOUT ELECTRONIC FUNDS TRANSFER
Changes to your monthly payment amount must be requested in wr