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Fax Authorization Form
A fax authorization is a form mailed in by the customer(s) which designates a password which will be confirmed by calling a phone number on file every time you request a banking transaction via fax. It is used for same day funds transfers between financial institutions, conducted through the Federal Reserve’s Fedline System. It is also used for cashier checks requests, account closeouts and other banking transactions usually performed at a branch. By printing, signing and sending Presidential Bank the Fax Authorization Form via mail (one time), customers will be able to fax over their transaction requests, once the Fax Authorization Form is received and recorded as being on record for the customer. For each fax request sent, and UPON VERIFICATION of person through a personally chosen password, Presidential Bank will be able to perform the request(s) accordingly.
Example: A customer needs to make a deposit on a significant purchase and needs $20,000 moved from Account A into Account B at a different bank. Having a fax authorization on file would allow the customer to fax a request for funds to be transferred through means of a Customer Wire Transfer Order form.
Simply print, fill out the form, sign and return.
*APY = Annual Percentage Yield
Presidential Bank reminds you that email@example.com is NOT a secure means of communication. Please refrain from including personal information such as account numbers, Tax ID/Social Security numbers, passwords, etc. We encourage you to maintain contact with us through our Secure Email service, located within Personal Online Banking. Help us keep YOUR personal information PRIVATE!
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