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PREAUTHORIZED DEBIT
(PAD) AGREEMENT516 2nd Avenue North, PO Box 4030
Saskatoon, SK S7K 3T2CUSTOMER INFORMATION:Organization Backstreet AddressPolicy NumberCityProvinceOrganization Contact PersonPostal
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How to fill out pre-authorized debit pad agreement
How to fill out pre-authorized debit pad agreement
01
Obtain a pre-authorized debit pad agreement form from your financial institution or the company that will be collecting payments.
02
Fill in your personal information including your name, address, and contact details.
03
Provide the necessary banking information such as your account number, transit number, and financial institution number.
04
Specify the payment amount and frequency of the withdrawals.
05
Sign and date the agreement to authorize the company to withdraw payments from your account.
Who needs pre-authorized debit pad agreement?
01
Anyone who wants to set up automatic payments for recurring bills or expenses.
02
Businesses that need to collect payments from customers on a regular basis.
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What is pre-authorized debit pad agreement?
A pre-authorized debit pad agreement is a legally binding contract between a consumer and a business that allows the business to debit funds from the consumer's bank account on a recurring basis.
Who is required to file pre-authorized debit pad agreement?
Both the consumer and the business are required to file a pre-authorized debit pad agreement before any transactions can take place.
How to fill out pre-authorized debit pad agreement?
To fill out a pre-authorized debit pad agreement, both parties must provide their contact information, banking details, and sign the agreement to confirm their consent.
What is the purpose of pre-authorized debit pad agreement?
The purpose of a pre-authorized debit pad agreement is to establish a formal agreement between a consumer and a business regarding recurring payments, ensuring that both parties understand their rights and obligations.
What information must be reported on pre-authorized debit pad agreement?
The pre-authorized debit pad agreement must include the names and contact information of both parties, the payment amount and frequency, the bank account details, and the terms and conditions of the agreement.
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