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AFT PRE-AUTHORIZED DEBIT AUTHORIZATION FORM New Change New AFT Amount Delete Effective Date TCU Deposit Information Frequency Member Name Weekly Fridays Monthly 1st Address Credit Account Number Semi-Monthly 15th Month End Month End Branch / Account Number Type Sub Financial Institution Withdrawal Information Attach Void Cheque Branch Address Postal Code City/Province Branch transit No. Institution Member Authorization I/We the undersigned authorize Teachers Credit Union Ltd. The account that...

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What is aft pre authorized credit?

Aft pre authorized credit refers to a payment method where a pre-approved amount is deducted from the payer's account and transferred to the payee's account automatically at regular intervals.

Who is required to file aft pre authorized credit?

Any individual or entity that has entered into an agreement with a payee for recurring payments and has opted for aft pre authorized credit as the payment method is required to file aft pre authorized credit.

How to fill out aft pre authorized credit?

To fill out aft pre authorized credit, you need to provide your bank account information, the payee's information, the amount to be deducted, the frequency of deductions, and any other required details specified by the payee or financial institution.

What is the purpose of aft pre authorized credit?

The purpose of aft pre authorized credit is to provide a convenient and automated payment method for recurring payments, ensuring timely and regular transfers without the need for manual intervention or reminders.

What information must be reported on aft pre authorized credit?

The information that must be reported on aft pre authorized credit includes the payer's bank account details, the payee's information, the amount to be deducted, the frequency of deductions, and any other information specified by the financial institution or regulatory authorities.

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