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ELECTRONIC FUND S TRANSFER (EFT) PARTICIPANT FORM:CUSTOMER PREAUTHORIZED DEBIT PLAN AUTHORIZATION ACCOUNT HOLDERSUITE/UNIT NUMBER:___ SurnameFirst Rebuilding ADDRESS: Address___ City / ProvincePostal
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How to fill out pre-authorized debit participant authorization

01
Obtain a pre-authorized debit participant authorization form from the organization or financial institution.
02
Fill out your personal information including name, address, phone number, and email address.
03
Provide your banking information such as account number and transit number.
04
Indicate the frequency and amount of the debits to be taken from your account.
05
Sign and date the form to authorize the organization or financial institution to withdraw funds from your account.

Who needs pre-authorized debit participant authorization?

01
Individuals who want to set up automatic bill payments or recurring payments with a business or service provider.
02
Companies or organizations that offer services or products on a subscription basis and want to collect payments automatically from customers' bank accounts.
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Pre-authorized debit participant authorization is a written agreement between a payer and a payee that allows the payee to withdraw funds directly from the payer's account on a regular basis.
Both the payer and the payee are required to file pre-authorized debit participant authorization to ensure compliance with banking regulations.
To fill out pre-authorized debit participant authorization, both parties must complete and sign the agreement, including details of the payment schedule, amount, and any relevant banking information.
The purpose of pre-authorized debit participant authorization is to establish a formal agreement for the automatic withdrawal of funds to facilitate regular payments between parties.
Information such as the payer's name, bank account details, payment amount, payment frequency, and authorization signature must be reported on the pre-authorized debit participant authorization form.
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