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PREAUTHORIZED DEBIT (PAD) AGREEMENT Property Taxes Installment I/We authorize The Corporation of the Township of Clearview (Clearview), and the financial institution (FI) designated or any other financial

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How to fill out pre-authorized debit agreement pad

01

Obtain a pre-authorized debit agreement pad from your bank.

02

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

03

Provide your bank account information including the account number and institution number.

04

Specify the amount and frequency of the debits to be made from your account.

05

Sign and date the agreement to indicate your consent.

06

Keep a copy of the agreement for your records.

07

Provide a copy of the agreement to the party or organization that will be debiting your account.

Who needs pre-authorized debit agreement pad?

01

Individuals or businesses who wish to authorize regular automatic debits from their bank accounts.

02

This can include people setting up recurring payments for bills, loans, subscriptions, or donations.

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What is pre-authorized debit agreement pad?

A pre-authorized debit agreement pad is a document that allows a business or organization to automatically withdraw funds from a customer's bank account on a scheduled basis, as previously agreed upon.

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

Businesses or organizations that wish to collect payments on a recurring basis through automatic withdrawals from customers' bank accounts are required to file a pre-authorized debit agreement pad.

How to fill out pre-authorized debit agreement pad?

To fill out a pre-authorized debit agreement pad, the user must provide information such as the customer's bank account details, the amount to be withdrawn, the frequency of withdrawals, and any consent statements required.

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

The purpose of a pre-authorized debit agreement pad is to streamline the payment process for both businesses and customers, allowing for automatic and timely collections without needing manual intervention each month.

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

Required information on a pre-authorized debit agreement pad typically includes the customer's name, banking details (account number and financial institution), the payment amount, withdrawal frequency, and the customer's signature authorizing the agreement.

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