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PREAUTHORIZED DEBIT (PAD) AGREEMENT STRATA 1983 Terms and Conditions: 1. I/We acknowledge that I/we are participating in a PAD plan established by Strata Corp 1983 and I/we participate in this PAD

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How to fill out pre-authorized debit pad agreement

01

To fill out a pre-authorized debit pad agreement, follow these steps:

02

Review the terms and conditions of the agreement provided to you.

03

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

04

Provide your banking information, such as your bank account number and branch transit number.

05

Specify the amount and frequency of the pre-authorized debits you authorize.

06

Sign and date the agreement to confirm your consent and understanding of the terms.

07

Retain a copy of the agreement for your records.

08

Always double-check the accuracy of the information provided before submitting the agreement.

Who needs pre-authorized debit pad agreement?

01

Pre-authorized debit pad agreements are typically required by individuals or businesses that want to authorize a party to withdraw funds directly from their bank account on a recurring basis.

02

Some examples of individuals who may need a pre-authorized debit pad agreement include:

03

- Individuals who want to set up automatic bill payments for utilities, insurance premiums, or membership fees.

04

- Businesses that want to collect recurring payments from their customers, such as subscription-based services or ongoing contracts.

05

It is important to determine if a pre-authorized debit pad agreement is necessary based on the specific financial arrangements and requirements involved.

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What is pre-authorized debit pad agreement?

A pre-authorized debit pad agreement is a contract between a customer and a merchant or service provider where the customer authorizes the merchant to automatically withdraw funds from their bank account.

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

Both the customer and the merchant or service provider are required to file a pre-authorized debit pad agreement.

How to fill out pre-authorized debit pad agreement?

To fill out a pre-authorized debit pad agreement, both parties must provide their personal and bank account information, as well as the terms and conditions of the agreement.

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

The purpose of a pre-authorized debit pad agreement is to provide a convenient and automated way for customers to make recurring payments without the need for manual intervention.

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

The pre-authorized debit pad agreement must include details such as the customer's name, bank account number, payment amount, payment frequency, and the merchant's contact information.

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