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Preauthorized Debit (PAD) Agreement I want to support Mahamevnawa Buddhist Monastery Winnipeg through monthly donations. Please debit my bank account (attach VOID check): ___ $25 ___ $50 ___ $75 ___

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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 information accurately, including your name, address, and banking details.

03

Specify the amount and frequency of the debits you authorize on the form.

04

Sign and date the agreement to confirm your consent to the pre-authorized debits.

05

Return the completed form to your financial institution for processing.

Who needs pre-authorized debit pad agreement?

01

Individuals who want to automate recurring payments such as utility bills, mortgage payments, or subscription services.

02

Businesses that want to collect payments from customers on a regular basis without manual intervention.

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What is pre-authorized debit pad agreement?

A pre-authorized debit pad agreement is a formal agreement between a payer and payee that authorizes the payee to withdraw funds from the payer's bank account.

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

Any organization or individual who wishes to set up pre-authorized debit payments must file a pre-authorized debit pad agreement.

How to fill out pre-authorized debit pad agreement?

To fill out a pre-authorized debit pad agreement, the payer must provide their banking information, authorize the payee to withdraw funds, and sign the agreement.

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

The purpose of a pre-authorized debit pad agreement is to provide a convenient and automated way for payments to be made without the need for manual intervention each time.

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

The pre-authorized debit pad agreement must include the payer's name, address, banking information, the amount to be withdrawn, frequency of withdrawals, and the purpose of the payments.

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