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Complete the Pre-authorized Debit Agreement for Waterside Housing Cooperative for hassle-free payments of housing and service charges. Easy enrollment for 2018.

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What is pre-authorized debit pad agreement?

A pre-authorized debit pad agreement is a document that authorizes a financial institution to automatically withdraw funds from a person's bank account to pay bills or make payments on a regular basis.

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

Typically, individuals or businesses that wish to set up automatic payments for recurring bills or obligations are required to file a pre-authorized debit pad agreement with their financial institution.

How to fill out pre-authorized debit pad agreement?

To fill out a pre-authorized debit pad agreement, you need to provide your banking information, specify the amount and frequency of the payments, and sign the agreement to authorize the transaction.

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

The purpose of a pre-authorized debit pad agreement is to streamline the payment process, ensuring timely payments are made without requiring manual intervention each time a payment is due.

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

The information that must be reported includes the account holder's name, bank account details, payment amount, payment frequency, and the signature of the account holder.

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