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PREAUTHORIZED DEBIT AGREEMENT MAYOR\'S PAD AGREEMENTAccount holder name and account number Last and first name(s) of Member:Membership #U _ _ _ _ _ _ _ _Address (street, city, province)Local #Telephone
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How to fill out pre-authorized debit agreement payors

01
Obtain a pre-authorized debit agreement form from the payee.
02
Fill out your personal information including your name, address, and banking details.
03
Specify the payment amount and frequency of the debits.
04
Sign and date the agreement form.
05
Return the completed form to the payee for processing.

Who needs pre-authorized debit agreement payors?

01
Individuals who want to automate their bill payments
02
Businesses that want to collect recurring payments from customers
03
Anyone who wants to avoid the hassle of manually paying bills each month

What is PRE-AUTHORIZED DEBIT AGREEMENT PAYOR'S PAD ... Form?

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A pre-authorized debit agreement is a consent given by a payor that allows a creditor or service provider to withdraw funds directly from their bank account on a scheduled basis.
Any individual or business that intends to withdraw funds from a bank account on a pre-authorized basis must file a pre-authorized debit agreement.
To fill out a pre-authorized debit agreement, you need to provide your bank account information, the amount to be debited, the frequency of the withdrawals, and your consent signature.
The purpose is to streamline payment processes, ensure timely payments, and reduce the risk of missed or late payments.
The information required includes the payor's name, address, bank account details, the amount and frequency of the debit, and the signature of the payor.
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