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How do I fill this out?
To fill out the Hess Direct Deposit Authorization Agreement, gather your banking information and personal details. Ensure that all entries match the information on file with Hess. Once completed, sign and submit the form as instructed.
How to fill out the Hess Direct Deposit Authorization Agreement?
1
Gather required personal and banking information.
2
Complete the owner information section accurately.
3
Fill in your banking details including account type, routing, and account number.
4
Sign the form and date it properly.
5
Submit the form via email, fax, or postal service.
Who needs the Hess Direct Deposit Authorization Agreement?
1
Landowners receiving royalty payments.
2
New Hess owners setting up direct deposits.
3
Owners changing their current banking information.
4
Anyone transitioning from physical checks to electronic payments.
5
Individuals seeking faster access to their funds.
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What are the instructions for submitting this form?
To submit the Hess Direct Deposit Authorization Agreement, you can send it via email to ask@hess.com or fax it to 1-866-249-7482. Alternatively, you may mail the completed form to Hess Corporation, Land Owner Relations, P.O. Box 2040, Houston, TX 77252-2040. Ensure all fields are completed and the required support documentation is included for processing.
What are the important dates for this form in 2024 and 2025?
Important dates related to this form in 2024 and 2025 include scheduled payment dates that will be processed three business days after the mailing of royalty checks. Ensure that your direct deposit information is updated timely to avoid payment delays. Keep track of any updates communicated by Hess regarding direct deposit processing.
What is the purpose of this form?
The purpose of the Hess Direct Deposit Authorization Agreement is to facilitate direct deposits for landowners receiving royalties from Hess. This form enables owners to authorize Hess to transfer payments directly into their bank accounts, ensuring timely and secure transactions. It eliminates the need for paper checks, providing a more efficient method for receiving payments.
Tell me about this form and its components and fields line-by-line.
- 1. Owner Information: Personal details of the owner including their name, contact information, and Hess Owner Number.
- 2. Banking Information: Details about the owner's bank account, including the name on the account, bank name, and account numbers.
- 3. Support Documentation: Instruction to attach voided check or banking documents for verification purposes.
- 4. Owner Signature: A field for the owner to sign and date the form confirming their agreement.
What happens if I fail to submit this form?
Failing to submit this form may result in delayed payment of royalties. Hess will not issue manual checks for payments if the information provided is incorrect. It is crucial to ensure all details are filled accurately to avoid payment issues.
- Delayed Payments: Without this form, payments may not be processed on time.
- Manual Check Issues: Incorrect or missing information can lead to manual check complications.
- Verification Problems: Missing documentation may result in failed verification of banking details.
How do I know when to use this form?
- 1. New Direct Deposit Setup: Use the form to initiate direct deposits for the first time.
- 2. Change Banking Information: Utilize the form to update your banking details.
- 3. Opt Out of Physical Checks: Submit the form to transition completely to electronic payments.
Frequently Asked Questions
How do I fill out the Hess Direct Deposit form?
Please ensure you have all necessary personal and banking information readily available. Carefully complete all sections and provide accurate details.
Can I edit the PDF after I download it?
Yes, you can use PDF editing software to make changes after downloading the document.
How do I submit the completed form?
You can submit the completed form via email, fax, or postal mail to the addresses provided on the form.
What if I make a mistake on the form?
If you make a mistake, simply edit the PDF to correct it before submitting.
How long does it take to set up direct deposit?
It can take approximately 4 - 8 weeks for the Electronic Funds Transfer service to begin.
Will I still receive paper checks?
Until the EFT service is confirmed, you will continue to receive physical checks via US Postal Service.
Do I need to provide a voided check?
Yes, including a voided check or bank documentation is necessary for verification.
Can I opt out of paper statements?
Yes, you may opt out and view your check details online through the Owner Relations Portal.
What happens if I don't receive my payment?
If you do not receive your payment, please check with your bank and confirm your details with Hess.
How do I contact Hess Owner Relations?
You can reach Hess Owner Relations at 1-844-275-4377 or email ask@hess.com for assistance.
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