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AGREEMENT FOR PREAUTHORIZED PAYMENTS I (we) hereby authorize the Hawaiian Financial Federal Credit Union to initiate withdrawals from the account indicated below to pay my (our) credit card account
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01
Ensure you have a copy of the agreement for pre-authorized payments.
02
Familiarize yourself with the terms and conditions mentioned in the agreement.
03
Fill out your personal information accurately, including your full name, address, and contact details.
04
Specify the payment details, such as the amount to be authorized, frequency of payments, and the start date.
05
Provide your banking information, including your account number and routing number.
06
Sign and date the agreement to acknowledge your consent for pre-authorized payments.
07
Keep a copy of the filled out agreement for your records.

Who needs agreement for pre-authorized payments?

01
Anyone who wishes to automate recurring payments and avoid the hassle of manually paying bills each time.
02
Businesses that offer subscription-based services or have regular billing cycles.
03
Individuals who want to ensure timely payments of their bills and avoid late fees or penalties.
04
People who prefer the convenience of not having to remember payment due dates and manually initiate payments.
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An agreement for pre-authorized payments is a legal document that allows an individual or organization to authorize another party to withdraw funds from their bank account on a predetermined schedule to make regular payments.
Entities that wish to initiate pre-authorized payments for services, memberships, or subscriptions typically need to file this agreement with their financial institution and possibly notify the payer.
To fill out the agreement, provide necessary details such as payer's name, bank information, payment schedule, amount to be deducted, and authorization signature.
The purpose of this agreement is to facilitate automatic payments, ensuring that bills are paid on time without requiring manual intervention from the payer.
Key information includes the payer's name, account number, payment amount, frequency of payments, and the signatures of both parties involved.
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