NYS DMV Form FM-138. Authorization Agreement for Direct Deposits (ACH Debits/Credits)

Form FM-138 is used by DMV escrow account holders in New York State who wish to enroll for electronic payments through the Automated Clearing House (ACH) system. This form allows individuals or businesses to authorize the DMV to initiate direct deposits (ACH credits) or debits (ACH debits) to or from their designated bank account.

The form typically requires the account holder's name, address, contact details, bank account information, and authorization instructions. By completing this form and submitting it to the DMV, escrow account holders can enroll for electronic payment transactions such as refunds, withdrawals, or other financial transactions related to their DMV escrow account.

Application Example: An individual or business holding a DMV escrow account may complete Form FM-138 to authorize the DMV to electronically deposit funds into or withdraw funds from their designated bank account. This form streamlines the payment process and eliminates the need for paper checks or manual transactions.

Related Forms: There may not be direct alternatives to Form FM-138, as it specifically addresses the authorization agreement for direct deposits and ACH debits/credits. However, other forms related to financial authorizations, payment agreements, or electronic fund transfers may exist depending on the specific requirements of each state or jurisdiction.