How does automatic draft work?
Once you sign up, we will automatically deduct the exact draft amount you entered from your designated account on your draft date each month.
Why should I sign up for automatic draft?
You will no longer have to write a check each month for your auto loan payment, and you’ll have peace of mind knowing that your payment is being made automatically, on time and through a secure method.
Does automatic draft cost anything?
There is no charge to set up or use automatic draft.
How can I sign up?
Just fill out the Automatic Draft – ACH Set-up Request Form, enclose a voided blank check or savings account deposit slip and mail or fax it to us. Please continue to make your monthly payments until your automatic draft is set up and active.
Can I cancel automatic draft?
Automatic drafts can be canceled by giving Regional Acceptance Corporation 72 business hours’ notice. You can also cancel your automatic draft by providing your financial institution with written notification.
Can I set up automatic draft if I don't have checks?
Your bank official can provide you with a signed and dated letter stating you are the owner of the checking or savings account associated with the routing and account numbers he or she provides.
What happens if I change my bank?
You will need to complete a new Automatic Draft – ACH Set-up Request Form and mail or fax it to us with a voided blank check or savings account deposit slip.
Can I set my draft up for more than my monthly payment amount?
How can I contact Regional Acceptance Corporation?
Please call us toll free at 866-644-7687. Our Technical Support Specialists are available Monday through Friday 8:30 am to 5:30 pm ET.
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