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151 FREDERICK STREET, SUITE 500, KITCHENER, ON, N2H 2M2 www.ppwr.on.ca PreAuthorized Debit (PAD) Agreement for Individual Donors I×we authorize Planned Parenthood Waterloo Region (PPR) to make monthly

How to fill out pre-authorized debit pad agreement

How to fill out a pre-authorized debit pad agreement:

1. Obtain the form: Contact your financial institution to request a pre-authorized debit pad agreement form. This form may also be available on their website or in person at a branch.
2. Provide personal information: Fill in your name, address, phone number, and any other requested personal information accurately. This information is crucial for identifying your account and ensuring the pre-authorized debits are applied correctly.
3. Indicate account details: Provide the necessary bank account details, including the account number, transit number, and financial institution information. Double-check these details for accuracy, as mistakes can lead to payment processing issues.
4. Specify payment details: List the specific payment information, such as the payment amount, frequency (e.g., monthly, bi-weekly), and the date or schedule when the debits will occur. Make sure to include any required reference numbers or invoice details to ensure proper billing and tracking of payments.
5. Consent and authorization: Read through the terms and conditions carefully, ensuring you understand your rights and responsibilities. By signing the form, you are giving your consent and authorization for the pre-authorized debits to occur according to the provided details.
6. Return the agreement: Once the form is complete, sign and date it as required. Return the agreement to your financial institution through the indicated method, such as mailing it or submitting it in person at a branch.

Who needs a pre-authorized debit pad agreement?

A pre-authorized debit pad agreement is needed for individuals or businesses who wish to authorize regular or recurring payments to be directly debited from their bank accounts. This can be useful for paying bills, subscriptions, loans, mortgages, and other ongoing obligations. It is often employed by individuals, companies, utility providers, landlords, and various service providers to streamline payment processes and ensure timely settlements.

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What is pre-authorized debit pad agreement?

A pre-authorized debit (PAD) agreement is a financial arrangement where a biller is authorized by a consumer to initiate withdrawals from the consumer's bank account for recurring payments.

Who is required to file pre-authorized debit pad agreement?

Any biller or business that wishes to set up pre-authorized debits with their customers is required to file a PAD agreement.

How to fill out pre-authorized debit pad agreement?

To fill out a PAD agreement, the biller must include the necessary information such as the consumer's name, bank account details, payment frequency, and withdrawal amount.

What is the purpose of pre-authorized debit pad agreement?

The purpose of a PAD agreement is to simplify the payment process for both the biller and the consumer by allowing automatic withdrawals for recurring payments.

What information must be reported on pre-authorized debit pad agreement?

The PAD agreement must include details such as the consumer's name, bank account information, payment amount, frequency of withdrawals, and authorization terms.