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PREAUTHORIZED DEBIT (PAD) PAYMENT AUTHORIZATION Condominium Corporation No UNIT # NAME(S):ADDRESS OF RESIDENCE (IF NOT LIVING IN THE UNIT): NO. STREET, CITY, PROV, POSTAL CODE PHONE:HOME FAX:WORK/CELL

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How to fill out pre-authorized debit pad payment

01

Obtain a pre-authorized debit pad payment form from your bank or financial institution.

02

Fill in your personal information such as your name, address, and contact details.

03

Provide your bank account information, including the bank name, branch, and account number.

04

Specify the amount and frequency of the payments you authorize. This can include details like the start date, end date, and payment intervals.

05

Sign and date the pre-authorized debit pad payment form.

06

Submit the completed form to your bank or financial institution. They will process your request and set up the pre-authorized debit for you.

07

Keep a copy of the form for your records and monitor your bank statements to ensure the payments are being made correctly.

Who needs pre-authorized debit pad payment?

01

Pre-authorized debit pad payment is beneficial for individuals or businesses who regularly make recurring payments, such as rent, utility bills, subscriptions, loan installments, or membership fees.

02

It provides convenience and peace of mind by automating the payment process and ensuring timely payments without the need for manual intervention each time.

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What is pre-authorized debit pad payment?

Pre-authorized debit pad payment is a method by which a payer gives permission to a payee to withdraw funds from their bank account for recurring payments.

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

Any individual or organization that wants to collect payments through pre-authorized debits must file pre-authorized debit pad payments.

How to fill out pre-authorized debit pad payment?

To fill out a pre-authorized debit pad payment, the payee must provide their banking information and obtain authorization from the payer.

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

The purpose of pre-authorized debit pad payment is to automate and simplify recurring payments for both the payer and payee.

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

The information that must be reported on a pre-authorized debit pad payment includes the payer's banking information, the amount to be withdrawn, and the frequency of the payments.

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