FM-138

The NY DMV FM-138 form, titled Authorization Agreement for Direct Deposits (ACH Debits/Credits), is a legal document used by New York State Department of Motor Vehicles escrow account holders to enroll in the Automated Clearing House (ACH) system. By completing this form, account holders authorize the DMV to initiate electronic debit or credit entries to their designated checking or savings accounts to manage escrow balances. This electronic transfer system is primarily used to replenish search accounts, ensuring they maintain the required minimum balance (typically $200) to remain active and avoid service disruptions.

The authorization remains in full force until the DMV receives written notification of its termination, allowing for a reasonable time to act on the request. The form requires detailed banking information, including the bank name, transit routing number, and account number, and must be signed by an authorized representative of the escrow account. It serves as a critical administrative tool for businesses and individuals who frequently access DMV records, providing a streamlined, automated method for maintaining the necessary funds for transaction fees and services.