Get the free PRE-AUTHORIZED DEBIT (P.A.D.) AGREEMENT (Strata Only)

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Street Address: CityPostal Code: Office Phone No: Email Address:#2033 1177 West Hastings Street Vancouver, B.C. V6E 3T4 (604) 3388654 info@sterlingmgmt.caOWNER CONTACT INFORMATION FORM Name of Owner(s):

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How to fill out pre-authorized debit pad agreement

01

Obtain a pre-authorized debit pad agreement form from your financial institution.

02

Fill in your personal and account information as requested on the form.

03

Specify the amount and frequency of the debits that will be made from your account.

04

Sign and date the agreement to authorize the debits to be taken from your account.

05

Return the completed form to your financial institution for processing.

Who needs pre-authorized debit pad agreement?

01

Anyone who wants to automate recurring payments from their bank account would benefit from a pre-authorized debit pad agreement.

02

Businesses that collect regular payments from customers may also require customers to fill out pre-authorized debit pad agreements.

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What is pre-authorized debit pad agreement?

A pre-authorized debit pad agreement is a written authorization provided by a customer to a business that allows the business to withdraw funds from the customer's bank account on a recurring basis.

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

Businesses offering automatic payment options to customers are required to file pre-authorized debit pad agreements.

How to fill out pre-authorized debit pad agreement?

The pre-authorized debit pad agreement must be filled out with all necessary customer information, including bank account details and authorization signatures.

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

The purpose of the pre-authorized debit pad agreement is to establish a formal authorization for businesses to withdraw funds from customers' bank accounts on a recurring basis.

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

The pre-authorized debit pad agreement must include customer's bank account details, authorization signatures, payment frequency, and withdrawal amounts.

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