Get the free Pre-Authorized Debit PAD Agreement - Nipissing University - nipissingu
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PreAuthorized Debit (PAD) Agreement 1. DONOR INFORMATION Name: Address: Telephone: Email: 2. BANK ACCOUNT INFORMATION I/We have enclosed a check marked VOID Account and Transit Number: Financial Institution:
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How to fill out pre-authorized debit pad agreement
How to fill out pre-authorized debit pad agreement:
01
Obtain a pre-authorized debit pad agreement form from your financial institution or download it online.
02
Fill in your personal information, including your name, address, and contact information.
03
Provide the necessary details about your bank account, such as the account number and institution transit number.
04
Indicate the types of transactions or payments that you authorize the recipient to debit from your account.
05
Specify the frequency of these transactions, whether they are one-time payments or recurring debits.
06
Read the terms and conditions carefully and ensure that you understand your rights and responsibilities.
07
Sign and date the agreement to confirm your consent and agreement to the terms.
08
Keep a copy of the filled-out agreement for your records.
Who needs pre-authorized debit pad agreement:
01
Individuals who want to automate bill payments, such as utility bills, mortgage payments, or insurance premiums.
02
Businesses or organizations that collect payments from customers or clients on a recurring basis, such as subscription services or membership fees.
03
Financial institutions or payment processors that require customers to authorize direct debits from their bank accounts.
Note: It is recommended to consult with your financial institution or seek professional advice before filling out any legal agreement to ensure compliance with applicable laws and regulations.
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