Get the free Pre-Authorized Debit (PAD) Agreement - CISVA

Catholic Independent Schools of Vancouver Archdiocese Retiree Benefit Plan Program Personal PreAuthorized Debit (PAD) Agreement 1. Personal Information (Please print clearly)First Name: Last Name: Employee

How to fill out pre-authorized debit pad agreement

How to fill out pre-authorized debit pad agreement

1. To fill out a pre-authorized debit pad agreement, follow these steps:
2. Gather all the necessary information: You will need the payer's name, address, financial institution name, branch address, transit number, and account number.
3. Obtain the pre-authorized debit pad agreement form: Contact your financial institution or download the form from their website.
4. Fill out the payer information: Enter the payer's name and address accurately.
5. Provide the financial institution details: Enter the name of the financial institution, branch address, transit number, and account number.
6. Specify the payment details: Indicate the payment amount, frequency, and start date.
7. Sign the agreement: Both the payer and payee must sign and date the agreement.
8. Submit the agreement: Return the completed agreement to your financial institution.
9. Keep a copy: Make sure to keep a copy of the agreement for your records.

Who needs pre-authorized debit pad agreement?

1. Pre-authorized debit pad agreement is needed by individuals or businesses who wish to authorize a specific organization or individual to automatically withdraw funds from their bank account.
2. It is commonly used for recurring payments such as utility bills, rent, mortgage payments, subscription services, and other regular expenses.
3. By signing the agreement, the payer gives their consent to the payee to initiate direct debits from their bank account without needing to manually initiate the payment each time.

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What is pre-authorized debit pad agreement?

A pre-authorized debit pad agreement is a written authorization by a customer that allows a company to automatically withdraw funds from the customer's account on a regular basis.

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

Companies or individuals that plan to automatically withdraw funds from a customer's account using the pre-authorized debit method 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, companies or individuals must provide their banking information, the customer's banking information, the amount and frequency of the withdrawals, and any other relevant details.

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

The purpose of a pre-authorized debit pad agreement is to establish a legal agreement between a company or individual and a customer, allowing for the automatic withdrawal of funds for goods or services provided.

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

The pre-authorized debit pad agreement must include details such as the company's name, address, contact information, banking details, the customer's name, address, contact information, and banking details, as well as the amount and frequency of the withdrawals.