Continued
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
bmoharris.com
BMO Harris Bank
®
and BMO Harris
®
are trade names used by BMO Harris Bank N.A. Member FDIC
© 2017 BMO Financial Group 8265 (10/17)
For internal use only:
Date received Processed by (initials) Processed date SD Ref #
Required Account Information:
BMO Harris loan account number
(Omit leading zeros. Example: 0000012045 should be entered 12045.)
Direct debit account
Deposit account type
(Check one box. A voided check is required for a non-BMO Harris checking account.
See instructions for other required account authentication documents.)
Checking Savings
Bank routing number non-BMO Harris accounts only
(See check example on reverse for number location. Enter 9 digits with any preceding
and following zeros included. Example: 071234100 should be entered 071234100.)
Bank account number
(See check example on reverse for number location. Include any preceding or
following zeros. Example: 3456700000 should be entered 3456700000.)
My voided check or other account authentication documentation is included.
Required Account Holder Authorization:
I authorize BMO Harris to debit loan payments or make the changes indicated from the deposit account as defined above. I agree to have sufficient
funds available to cover the payments on the loan payment due date.
(This authorization must be signed by the account holder who is also a borrower on the loan.)
Account holders signature
Date signed
(MM/DD/YY)
Print name
Complete only the applicable box in this section:
Once you’ve completed this form, mail to: BMO Harris Bank, Loan Maintenance, P.O. Box 2045, Milwaukee, WI 53201 Fax to: 1-262-938-8169
Activate:
I want to activate recurring Automatic Loan Payments for
my loan from the deposit account designated below. Unless
I specify a greater amount, the recurring payment will be the
“Auto-Pay Amount” described on page 1.
We will notify you by letter when your application is approved and when your
first Auto-Payment will occur.
Ensure sufficient account funds are available.
In order for your automatic loan payment to be processed, sufficient funds
must be available in the designated deposit account on the Automatic Loan
Payment date.
Cancel:
I want to cancel Automatic Loan Payment.
(NOTE: You can also request cancellation of your Automatic Loan Payment by
mailing or faxing a letter signed by the account holder requesting cancellation of
the automatic payment, including the loan number, the payment amount and the
date the automatic payment should stop.)
Mailing Address: BMO Harris Bank, Loan Maintenance, P.O. Box 2045,
Milwaukee, WI 53201 or Fax: 1-262-938-8169.
Once the cancellation is processed, BMO Harris Bank
®
will send a confirmation
of cancellation notice to the borrower(s).
Please Note: Automatic payment cancellation requests must be received
at least 5 business days prior to the next scheduled Automatic Loan
Payment date.
Change Payment Date:
I want to change my Automatic Loan Payment date
beginning on this date:
(MM/DD/YY)
Check one box
Mortgage loan Change my payment date to the 5th of the month
Construction loan Change my payment date to the 5th of the month
  Consumer loan Change my payment date to this day
(Please enter a 2-digit date. Example: payment on the 9th of the
month would be 09).
(NOTE: The new payment date for consumer loans cannot be earlier in the
month than the due date in your loan documents. Example: If due date in your
loan documents is the 20th of the month, the new payment date you pick must
be the 21st up to the end of the month.)
Change Payment Amount:
I want to add
$
to each Auto-Pay amount.
(NOTE: Increases to the Auto-Pay Amount are not permitted for some loan types.)
Change Deposit Account:
I want to change the deposit account from which BMO
Harris will withdraw my Auto-Pay amount each month.
(Provide new bank account information below.)