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Complete the second page of this form if you want to:
• Activate recurring automatic loan payments
Complete the Activate section and the Required Account
Information section.
• Change the checking/savings account from which
recurring direct debits are made to pay loan payments
Complete the Change Account section and the Required
Account Information section.
• Change the date that payments are made from your
checking/savings account
Complete the Change Payment Date section and the
Required Account Information section. NOTE: This option
is not allowed for some loan products.
• Cancel recurring automatic loan payments
Complete the Cancel section and the Required Account
Information section. NOTE: You can also request cancellation
of your Automatic Loan Payment by mailing or faxing a letter to
BMO Harris. Please see details on the second page on cancelling
your automatic loan payments.
• Change your Auto-Pay Amount
Complete the Change Auto-Pay Amount section and Required
Account Information section. NOTE: Auto-Pay Amount changes
are not allowed for some loan products.
Auto-Pay Amount:
Unless you specify a greater amount, the “Auto-Pay Amount”
will be the Periodic Payment for your Loan. “Periodic Payment”
means the amount payable on your loan according to your loan
documents for a given payment period and shown on your
periodic loan statement or coupon. Depending on the type of
loan, your Periodic Payment may include principal, interest and
escrow payments for taxes, insurance, etc. For home equity lines
of credit (HELOCs), your Periodic Payment includes the annual fee
for the month when that fee comes due. Your Periodic Payment
does not include past due amounts from previous months. Your
Periodic Payment may vary from time to time, based on your type
of loan (for example, if your loan has an adjustable interest rate).
NOTE: For certain Loans, for example, home equity lines of credit
(HELOCs), the Auto-Pay Amount may also include late fees and
other amounts that may become due under your loan documents.
To find out if this applies to your loan, please contact BMO Harris
at 1-888-340-2265 (BANK).
If you are submitting this form to ACTIVATE recurring automatic loan payments,
please read these instructions before proceeding:
• Borrower Must Be an Account Holder
At least one of the borrowers on your BMO Harris loan must
be an account holder on the account that you designate to be
debited for your recurring automatic loan payments.
• Complete and sign this Automatic Loan Payment
Authorization form
Complete the Activate section and the Required Account
Information section. Make sure that the person signing this
form is both a borrower on the BMO Harris loan AND a holder
of the deposit account from which recurring loan payments
will be debited.
• Send the completed Automatic Loan Payment Authorization
form by U.S. postal mail to:
BMO Harris Bank, Loan Maintenance, P.O. Box 2045,
Milwaukee, WI 53201
Or fax to 1-262-938-8169.
NOTE: If your designated deposit account is at a financial
institution other than BMO Harris: Please include with your
Automatic Loan Payment Authorization Form, a voided check
for the deposit account that you designate to be debited for
your recurring automatic loan payments.
The voided check must show the account holder’s name and
address (see sample).
If not, you must include with your Automatic Loan Payment
Authorization form, a letter from the financial institution
confirming the account and confirming the name of the account
holder. The letter MUST be drafted on the financial institution’s
letterhead with the institution’s name and address and must
include the account number and bank routing number.
Account holder’s name
and address must be
printed on the check.
Starter checks without
a name and address
cannot be accepted for
account authentication.
Bank routing # Bank account #
Retail Lending
Automatic Loan Payment Authorization Form
BMO Harris Bank offers Automatic Loan Payments as a convenient service that can help simplify paying
your BMO Harris loan. Once you provide your written authorization, on each date when a loan payment
is due, BMO Harris will withdraw your recurring loan payments from the bank/credit union checking or
savings account that you designate.
Jane Smith
456 Anystreet Lane
Anytown, US 12345