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OSBORNE & HILBERT MUTUAL FIRE INSURANCE COMPANY 507 MAIN STREET S., EXE TER, ONTARIO N0M 1S1AUTHORIZATION FOR PREAUTHORIZED DEBITS (PADS) I/we authorize Osborne & Hilbert Mutual Fire Insurance Company
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How to fill out authorization for pre-authorized debits
How to fill out authorization for pre-authorized debits
01
Obtain an authorization form from the entity who will be debiting your account.
02
Read the form carefully and fill in your personal information accurately.
03
Provide your banking information, including your account number and transit number.
04
Specify the frequency and amount of the pre-authorized debits.
05
Sign and date the authorization form.
06
Submit the completed form to the entity for processing.
Who needs authorization for pre-authorized debits?
01
Anyone who wishes to allow a specific entity to debit funds directly from their bank account on a regular basis needs authorization for pre-authorized debits. This could include individuals who want to set up automatic bill payments, loan repayments, or membership fees, among other recurring payments.
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What is authorization for pre-authorized debits?
Authorization for pre-authorized debits is permission given by an account holder to a third party to withdraw funds from their account on a regular basis.
Who is required to file authorization for pre-authorized debits?
Any individual or organization that wants to set up pre-authorized debits must file authorization with the account holder.
How to fill out authorization for pre-authorized debits?
Authorization for pre-authorized debits typically includes the account holder's name, bank account information, the amount and frequency of debits, and the duration of the authorization.
What is the purpose of authorization for pre-authorized debits?
The purpose of authorization for pre-authorized debits is to give consent for a third party to withdraw funds from an account on a recurring basis.
What information must be reported on authorization for pre-authorized debits?
Authorization for pre-authorized debits must include details such as the account holder's name, bank account number, the amount and frequency of debits, and the duration of the authorization.
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