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Get the free What is a Pre-Authorized Debit (PAD) Agreement?

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P R E A U T H O R I Z E D D E B I T (PA D) AgreementPlease complete this PAD Agreement and return it, along with payment for the first months premium, to: Administration at Group Medical Services,
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How to fill out what is a pre-authorized

01
Contact the company or organization that will be charging your account to set up pre-authorization.
02
Provide your bank account information, including account number and routing number, to the company.
03
Sign a pre-authorization form or agreement that gives permission for the company to automatically withdraw funds from your account on a regular basis.

Who needs what is a pre-authorized?

01
Individuals who regularly make payments to a company or organization for services or products may need to set up pre-authorization to streamline the payment process.
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A pre-authorized payment is an agreement between a customer and a merchant that allows the merchant to automatically withdraw funds from the customer's account for recurring payments.
Merchants who have agreements with customers for pre-authorized payments are required to file the necessary paperwork.
To fill out a pre-authorized form, the merchant must include details of the agreement such as payment amount, frequency, and dates.
The purpose of a pre-authorized payment is to simplify the payment process for recurring bills and make it more convenient for both the customer and the merchant.
The pre-authorized form must include details such as the customer's account information, payment amount, frequency, and dates.
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