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This document is a request form for individuals to authorize the Chambers of Commerce Group Insurance Plan to withdraw money from their bank account for monthly insurance premium payments. It includes sections for personal and bank account information as well as acknowledgment of terms and conditions.
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How to fill out request for pre-authorized payment

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How to fill out request for pre-authorized payment

01
Obtain the request for pre-authorized payment form from your service provider or financial institution.
02
Fill in your personal information, including your name, address, and contact details.
03
Provide account information for the payment method you wish to use (e.g., bank account, credit card).
04
Specify the amount to be deducted and the frequency of the payments (e.g., weekly, monthly).
05
Include any relevant identification numbers or references as required.
06
Review the completed form for accuracy and completeness.
07
Sign and date the form to authorize the transactions.
08
Submit the form to your service provider or financial institution as instructed.

Who needs request for pre-authorized payment?

01
Individuals or businesses that schedule regular payments for services or bills.
02
Customers who want to ensure timely payments without manual transactions.
03
Anyone seeking to automate their payment processes for ease and convenience.
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A request for pre-authorized payment is a document submitted by a payer to an entity to authorize the automatic withdrawal of funds from their account at regular intervals.
Individuals or businesses that wish to set up automatic recurring payments for services or invoices are required to file a request for pre-authorized payment.
To fill out a request for pre-authorized payment, provide your bank information, the amount to be withdrawn, the frequency of payments, the entity receiving the payment, and your authorization signature.
The purpose of a request for pre-authorized payment is to ensure timely payment for recurring obligations such as bills or subscriptions without the need for manual intervention each time.
The information that must be reported includes the payee's details, bank account information, payment amount, frequency, and the payer's authorization.
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