The process will vary by each bank, so you should work with your bank directly to ensure that the reverse wire is set up correctly.
The process will vary by each bank, so you should work with your bank directly to ensure that the reverse wire is set up correctly. Here’s the general process that you’ll need to go through:
The turnaround time for these requests varies by bank, but typically takes less than 2/3 business days to complete
You can usually refer to the form as a “Debit Authorization form” for reverse wire/drawdown requests. However, here are a few other known form names associated with major banks:
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