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Canada PreAuthorized Debit/Credit Agreement (PAD) I ___ the undersigned (hereinafter defined as Customer, I, Our, We, Me, or My)hereby authorize Secure Payment Systems (SPS) to act as agent for ___

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How to fill out canada pre-authorized debitcredit agreement

01

Obtain a Canada pre-authorized debit/credit agreement form from your financial institution.

02

Fill in your personal information including name, address, and contact details.

03

Provide your bank account information including account number and transit number.

04

Indicate whether you are authorizing pre-authorized debits, credits, or both.

05

Sign and date the agreement to authorize the transactions.

06

Submit the completed form to your financial institution for processing.

Who needs canada pre-authorized debitcredit agreement?

01

Individuals or businesses who wish to automate their bill payments or receive regular deposits into their bank account may need a Canada pre-authorized debit/credit agreement.

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What is canada pre-authorized debitcredit agreement?

The Canada pre-authorized debit/credit agreement is a legal agreement that allows a business or individual to automatically debit or credit a person's bank account for recurring payments.

Who is required to file canada pre-authorized debitcredit agreement?

Any business or individual that wants to set up pre-authorized debits or credits must file a Canada pre-authorized debit/credit agreement.

How to fill out canada pre-authorized debitcredit agreement?

To fill out a Canada pre-authorized debit/credit agreement, you must provide your business information, the customer's bank account details, and the payment amount and frequency.

What is the purpose of canada pre-authorized debitcredit agreement?

The purpose of the Canada pre-authorized debit/credit agreement is to simplify the process of making recurring payments by automatically debiting or crediting a person's bank account.

What information must be reported on canada pre-authorized debitcredit agreement?

The Canada pre-authorized debit/credit agreement must include the business name, address, contact information, customer's bank account details, payment amount, and frequency.

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