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Complete the 2023 Pre-Authorized Debit Agreement to authorize Mennonite Brethren Church of Linden to debit your bank account for monthly payments.
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How to fill out pre-authorized debit agreement

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How to fill out pre-authorized debit agreement

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

Who needs pre-authorized debit agreement?

01
Individuals who want to automate bill payments such as utility bills, rent, or loan payments.
02
Businesses that want to collect recurring payments from customers for products or services.
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A pre-authorized debit agreement is a financial arrangement that allows a creditor to withdraw funds directly from a debtor's bank account on agreed-upon dates, usually for recurring payments.
Businesses and organizations that wish to set up automatic payments from customers' bank accounts are required to file a pre-authorized debit agreement.
To fill out a pre-authorized debit agreement, one must provide information such as the account holder’s name, bank account number, financial institution’s name, the amount to be debited, and the schedule of payments.
The purpose of a pre-authorized debit agreement is to facilitate the automatic withdrawal of funds for payments, ensuring timely payment and reducing the risk of late fees.
The information that must be reported includes the account holder's name, contact information, bank account number, financial institution details, debit amounts, and payment frequency.
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