Get the free PRE-AUTHORIZATION DEBIT (PAD) AGREEMENT FOR UTILITY BILL PAYMENTS

PREAUTHORIZATION DEBIT (PAD) AGREEMENT FOR UTILITY BILL PAYMENTS 1. CUSTOMER (MAYOR) INFORMATION (PLEASE PRINT CLEARLY) NAME(S)___ SERVICE ADDRESS ___ CITY ___ PROVINCE ___ POSTAL CODE ___ PHONE ___EMAIL

How to fill out pre-authorization debit pad agreement

How to fill out pre-authorization debit pad agreement

1. Obtain a pre-authorization debit pad agreement form from the relevant financial institution.
2. Fill out your personal information accurately, including name, address, contact details, and any other required information.
3. Provide your bank account details, including account number and routing number.
4. Specify the amount you authorize the institution to debit from your account and the frequency of the debits.
5. Sign and date the agreement to confirm your consent to the terms and conditions.

Who needs pre-authorization debit pad agreement?

1. Individuals who want to authorize a financial institution to debit funds from their bank account on a regular basis.
2. Businesses that need to set up recurring payments from their business account to vendors or service providers.

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What is pre-authorization debit pad agreement?

Pre-authorization debit pad agreement is a form signed by a customer that allows a merchant to automatically debit the customer's bank account for purchases.

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

Merchants who want to set up a recurring payment system using the customer's bank account information are required to file a pre-authorization debit pad agreement.

How to fill out pre-authorization debit pad agreement?

To fill out a pre-authorization debit pad agreement, the merchant must include the customer's bank account information, the amount and frequency of the debits, and customer's signature authorizing the transactions.

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

The purpose of pre-authorization debit pad agreement is to streamline the payment process for recurring transactions and ensure that the customer has agreed to the automatic debits.

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

The pre-authorization debit pad agreement must include the customer's bank account details, the amount and frequency of debits, the merchant's contact information, and the customer's authorization signature.