The Automatic Bank Draft is a privileged & optional form of payment offered by CMI. BANK DRAFT DAY: the 25th for UBP, Masters Stage 1 & Stage 2 the 20th for UFP Actually, we must send the bank draft electronic file to the clearinghouse two whole WORKING DAYS ahead of the 20th so that the withdrawal hits your bank account on time. (Of course, weekends and holidays affect drafting day.) This is the most complicated process we do. We cannot stress enough how important it is to make any changes or cancellations several days before bank draft day. If you need to change bank accounts, the draft amount, cancel your draft, or request to change anything about your bank draft, please call, email or fax far ahead of time. We know your budget will appreciate it! Our deadline for requests is the 14th for all 4 programs. YOU CANNOT JUST MAKE A PHONE CALL TO AFFECT YOUR BANK DRAFT. Having the request in writing is a precaution for who made the request and to aid us in properly entering the request into the computer. 14th: is the deadline for changes or restarts or cancellations We always close the file early. Withdrawals start as early as the 20th for the UFP -- 25th for Stage 1&2 and UBP. This date cannot be changed. See the Calendar Link on the left. You cannot call us on the 19th or the 20th to cancel the draft! That is too late. YOU MUST CONTACT US, THE PROCESSING CENTER , ABOUT THE BANK DRAFT~~~~~~ Not headquarters, not coin shipping, not Raymond Renfrow. Unless you communicate directly with us, you cannot be guaranteed that your request is processed. Phone requests must be backed up in writing: sending a form by fax or email. Changes in the draft amount or bank account, cancellations, and restarts require forms to be filled out. NOTHING IS PERFORMED WITHOUT YOUR WRITTEN PERMISSION. No activity is performed automatically. When will you get your coins? The purchase you are making on bank draft day is a few days ahead of the end of CMI's monthly cycle. For example, if you are drafted on January 25th, you are paying for your February coin shipment. For more information, visit the Lifecycle link on the right. NSF. Non Sufficient Funds A bad thing to find on Bank Draft day. That means you didn’t have funds enough for your automatic bank draft. Not only do you get charged a fee from your bank, CMI does also and we pass this cost onto you. We will send you notification if this happens to you and will assist you in getting your CMI purchases back on track. Bank Draft Changes, Cancels, and Restarts The CMI Payment Center requires cancellations and restarts in writing. Scroll the right column on this page to click to the proper form. You can mail your request (same address used for coin orders), fax it to (702) 617-3454, or email us at dpcmi@yahoo.com To change the amount of your draft, please submit a Bank Draft Authorization Form, completely filled out, and mark the CHANGE box at the top. See the link to the right & above. To change your bank account, please send us a new voided check with a Authorization Form. NOTE: to change your amount, we only need the form, not another voided check. How to 'skip one month': Each month is processed separately, i.e., we cannot take advance requests for any future month of bank activity. For example: You cannot call and say, 'please skip me 1 month'. You must submit a form to cancel in month A. In month B you must submit a restart form to restart your bank draft. If we do not receive a restart form, you will remain cancelled. How to change the amount for one month: You cannot call and ask, 'please draft me one month at the eagle level.' You have to submit a change in the amount for each month that you are changing it. (to increase in month A and then to decrease in month B) If you do not submit the changes, the draft will remain the same. |
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| Forms to CANCEL RESTART CHANGE your bank draft. |
| Click the coin to return to the Coin Orders page. Note: Go here to read about the difference between Manual Orders and the Bank Draft. |
| What is a change? =changing your bank, or bank account (you must send or fax in your new voided check) =changing what you are buying =changing your name or id number on your cmi account records What is a restart? your bank draft was stopped for one reason or another and you wish to start drafting again What is a cancel? You wish to have no more funds withdrawn out of your account. All cancellations are treated as permanent until further notice. |
Automatic Bank Draft Orders
| CMI's Life Cycle Click here to understand order deadlines and when to expect your coins. |
| CMI's Calendar Click here to see deadlines for making purchases. |