Get the free Pre-authorized Debit (pad) Agreement

This document serves as an agreement for parishioners of St. Thomas More, Fairview, to authorize pre-authorized debits from their bank accounts or credit cards for making monthly contributions to various church collections and funds, including the Sunday collection and special designated collections.

How to fill out pre-authorized debit pad agreement

How to fill out pre-authorized debit pad agreement

1. Read the instruction section of the pre-authorized debit pad agreement carefully.
2. Fill in your personal information such as your name, address, and contact details.
3. Provide your bank account information, including the account number and the bank's routing number.
4. Indicate the amount to be debited and the frequency of the payments (weekly, bi-weekly, monthly, etc.).
5. Sign and date the agreement to authorize the debits from your account.
6. Submit the completed agreement to the appropriate party managing the pre-authorized debits.

Who needs pre-authorized debit pad agreement?

1. Individuals who want to automate their bill payments.
2. Customers who have recurring payments like subscriptions or loans.
3. Businesses that need a streamlined way to collect payments from clients.
4. Anyone seeking to avoid late fees by ensuring timely payments.

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What is pre-authorized debit pad agreement?

A pre-authorized debit pad agreement is a document that allows a creditor to withdraw funds directly from a debtor's bank account on a regular basis for the payment of bills or services.

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

Typically, businesses or organizations that wish to collect payments directly from customers' accounts are required to file a pre-authorized debit pad agreement.

How to fill out pre-authorized debit pad agreement?

To fill out a pre-authorized debit pad agreement, you need to provide details such as the bank account information, the amount to be debited, the frequency of the debits, and the authorization signature from the account holder.

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 for recurring transactions, ensuring timely payments while reducing administrative overhead for both parties.

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

The information that must be reported includes the payer's name, account number, bank details, frequency of payments, amount to be debited, and the date the authorization is signed.