Bank Draft Form

BANK DRAFT INFORMATION

Please carefully read all of the program information prior to filling out the application. Failure to provide us with the information requested
will delay the processing of your application.

In order to process your application we need the following information:

• Your Name and Address
• Your Bank’s Name and Address
• Your Bank’s Routing Number _{(Located on the bottom left hand side of your check.)}
• Your Checking or Savings Account Number
• Your Fayette Electric Co-op Account Number
• Your Daytime Phone Number
• Your Signature and the date you signed the application

You must continue to make regular monthly payments until you receive a bill that states “Automatic Draft - Do Not Pay”.

If you have any questions, please call us at 1-800-874-8290 or 979-968-3181. Personnel are available to answer your questions Monday through Friday, 8:00 a.m. to 5:00 p.m., Central Standard Time.

AUTHORIZATION AGREEMENT FOR AUTOMATIC PAYMENTS
I (we) authorize Fayette Electric Cooperative, Inc., hereinafter called COOPERATIVE to automatically deduct monthly payments from the checking or savings account indicated below and I (we) authorize the financial institution holding that checking or savings account to honor the deductions. I (we) understand that on or about the 10th of each month, the monthly utility payment will be deducted from the checking or savings account indicated below. I (we) understand that if my account being charged for my electric bill is insufficient to pay my bill, I remain liable and responsible to timely pay my bill, including any late fees that may apply. This authorization will remain in effect until the Cooperative and the financial institution holding the checking or savings account indicated below have received written notification or termination from me (or either of us) and have had a reasonable opportunity to act on it.

BANK DRAFT APPLICATION