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PREAUTHORIZED CHEATING PLAN AUTHORIZATION FORM Name Address City/Province/Postal Code: The bank specified below is authorized and requested to debit my account in accordance with this agreement for

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How to fill out pre-authorized chequing plan authorization

01

Obtain a pre-authorized chequing plan authorization form from your bank or financial institution.

02

Fill in your personal and banking information accurately on the form, including your name, address, and banking details such as account number and transit number.

03

Specify the date you want the pre-authorized payments to begin and the frequency of the payments (e.g., monthly, quarterly).

04

Provide details of the company or organization that will be receiving the payments, such as their name, address, and contact information.

05

Sign and date the form to authorize the pre-authorized chequing plan.

06

Submit the completed form to your bank or financial institution either in person, by mail, or through their online banking platform.

07

Once processed, the pre-authorized payments will be deducted automatically from your specified bank account on the agreed-upon date and frequency.

Who needs pre-authorized chequing plan authorization?

01

Anyone who wants to automate their regular bill payments can benefit from pre-authorized chequing plan authorization.

02

Individuals who have ongoing monthly expenses, such as rent or mortgage payments, utility bills, insurance premiums, or subscription services, can find it convenient to set up automatic payments.

03

Companies and organizations that offer recurring services or subscriptions, such as gyms, internet providers, or magazines, may require their customers to provide pre-authorized chequing plan authorization.

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What is pre-authorized chequing plan authorization?

Pre-authorized chequing plan authorization is an agreement that allows a company to automatically withdraw funds from a person's bank account on a regular basis.

Who is required to file pre-authorized chequing plan authorization?

Both the company requesting the automatic withdrawals and the individual providing their bank account information are required to file pre-authorized chequing plan authorization.

How to fill out pre-authorized chequing plan authorization?

To fill out pre-authorized chequing plan authorization, both parties must complete a form with their bank account details, the amount and frequency of withdrawals, and sign the agreement.

What is the purpose of pre-authorized chequing plan authorization?

The purpose of pre-authorized chequing plan authorization is to make regular payments more convenient for both the company and the individual by automating the process.

What information must be reported on pre-authorized chequing plan authorization?

Pre-authorized chequing plan authorization must include the bank account information, withdrawal amount, frequency, and signatures of both parties.

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