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PREAUTHORIZED DEBIT AGREEMENT (PAD) EXTRA WITHDRAWAL Building Information This form must be received by Kopecks Real Estate Services Inc., no later than the 20th of the month prior to the month it

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How to fill out pre-authorized debit agreement

01

Obtain a Pre-Authorized Debit Agreement form from your financial institution or the organization you wish to authorize for automatic payments.

02

Fill out your personal information, including your name, address, phone number, and account details.

03

Specify the amount and frequency of the automatic payments, as well as the start date and end date (if applicable).

04

Sign and date the form to authorize the organization to make automatic withdrawals from your account.

05

Submit the completed form to your financial institution or the organization for processing.

Who needs pre-authorized debit agreement?

01

Anyone who wants to automate their bill payments and ensure they are paid on time without the hassle of manually making payments each month.

02

Businesses or organizations that want to collect payments from customers or clients on a regular basis, such as monthly subscription services or membership dues.

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What is pre-authorized debit agreement?

A pre-authorized debit agreement is a form of payment authorization where a payer gives permission to a payee to automatically withdraw funds from the payer's bank account on a recurring basis.

Who is required to file pre-authorized debit agreement?

Both the payer and the payee are required to fill out and sign a pre-authorized debit agreement in order to authorize the automatic withdrawals.

How to fill out pre-authorized debit agreement?

To fill out a pre-authorized debit agreement, both parties must provide their personal and banking information, authorize the recurring payments, and sign the agreement.

What is the purpose of pre-authorized debit agreement?

The purpose of a pre-authorized debit agreement is to simplify and automate recurring payments between a payer and a payee, ensuring timely and efficient transactions.

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

The pre-authorized debit agreement must include the names and contact information of both parties, the payment amount and frequency, the bank account details for the withdrawals, and the terms and conditions of the agreement.

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