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PreAuthorized Debit (PAD) Agreement I, residing at, as an Individual or a Business hereby authorize ST. MAXIMS AND ST. DOMADIOSCOPTIC ORTHODOX CHURCH to withdraw the amount of $ from my Bank Account
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How to fill out pre-authorized debit pad agreement

How to fill out pre-authorized debit pad agreement
01
To fill out a pre-authorized debit pad agreement, follow these steps:
02
Obtain the pre-authorized debit pad agreement form from your bank or financial institution.
03
Fill in your personal details such as your name, address, and contact information.
04
Provide your bank details, including the account number and transit number.
05
Specify the amount and frequency of the payments that will be debited from your account.
06
Read and understand the terms and conditions of the agreement before signing.
07
Sign and date the agreement.
08
Submit the completed agreement to your bank or financial institution.
09
Keep a copy of the agreement for your records.
Who needs pre-authorized debit pad agreement?
01
Pre-authorized debit pad agreements are typically needed by individuals or businesses who wish to authorize a company or organization to withdraw funds directly from their bank account.
02
Common examples of people who may need a pre-authorized debit pad agreement include:
03
- Payroll recipients who want their salary automatically deposited into their bank account.
04
- Utility customers who want their bills paid automatically.
05
- Subscription-based service customers who want recurring payments to be debited from their account.
06
- Donors who want to make regular automatic contributions to a charity or non-profit organization.
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What is pre-authorized debit pad agreement?
A pre-authorized debit pad agreement is a document that allows a business or organization to withdraw funds directly from a customer's bank account on a recurring basis with their permission.
Who is required to file pre-authorized debit pad agreement?
Businesses and organizations that wish to set up recurring payments from customers through pre-authorized debits 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debit pad agreement, one needs to provide information such as the customer's bank account details, the amount to be withdrawn, the frequency of the withdrawal, and the customer's authorization signature.
What is the purpose of pre-authorized debit pad agreement?
The purpose of a pre-authorized debit pad agreement is to simplify the payment process for both businesses and customers by allowing automatic withdrawals without needing manual intervention each time.
What information must be reported on pre-authorized debit pad agreement?
The information that must be reported on a pre-authorized debit pad agreement includes the customer’s bank account number, routing number, the amount to be withdrawn, the frequency of withdrawals, and the customer's consent.
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