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London Hydro PreAuthorized Debit Agreement Personal Information (Please Type or Print Clearly) Bank Account Holder Name(s): London Hydro Account Holder Name:Personal Use:London Hydro Account Number:Business
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How to fill out pre-authorized debits pad agreement

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How to fill out pre-authorized debits pad agreement

01
Obtain a pre-authorized debits pad agreement form from your financial institution.
02
Fill out your personal information accurately, including your name, address, and contact details.
03
Provide your bank account information, including the account number and transit number.
04
Specify the frequency and amount of the debits that you authorize.
05
Sign and date the agreement to indicate your consent to the pre-authorized debits.
06
Submit the completed form to your financial institution for processing.

Who needs pre-authorized debits pad agreement?

01
Individuals who want to automate their bill payments.
02
Businesses that want to collect regular payments from their customers.
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A pre-authorized debits pad agreement is a written agreement between a customer and a financial institution that authorizes the institution to debit the customer's account for pre-authorized payments.
Both the customer and the financial institution are required to file a pre-authorized debits pad agreement.
To fill out a pre-authorized debits pad agreement, the customer must provide their banking information, authorize specific payments, and sign the agreement.
The purpose of a pre-authorized debits pad agreement is to establish the terms under which a financial institution can debit a customer's account for specific payments.
The pre-authorized debits pad agreement must include the customer's name, account number, payment amount, payment frequency, and any applicable fees.
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