Get the free Pre-authorized Payment Agreement

This document authorizes the Charter Township of AuSable Water Department to initiate debit entries from a specified Checking/Savings account for water service at a designated service address.

How to fill out pre-authorized payment agreement

How to fill out pre-authorized payment agreement

1. Obtain a pre-authorized payment agreement form from your service provider or bank.
2. Fill in your personal information, including your name, address, and account number.
3. Specify the amount you wish to be deducted and the frequency of the payments (e.g., weekly, monthly).
4. Provide your signature to authorize the payments.
5. Submit the completed form to your service provider or bank, either in person or via a secure online submission method.
6. Keep a copy of the signed agreement for your records.

Who needs pre-authorized payment agreement?

1. Individuals who prefer automatic bill payments.
2. Customers with recurring subscriptions or loans.
3. People who want to ensure timely payments to avoid late fees.
4. Anyone entering into an agreement with a service provider requiring regular payments.

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What is pre-authorized payment agreement?

A pre-authorized payment agreement is a contract between a payer and a payee that allows automatic withdrawals from the payer's account for recurring payments, such as bills or subscriptions.

Who is required to file pre-authorized payment agreement?

Typically, individuals or businesses that wish to set up automatic payments for services they receive or debts they owe must file a pre-authorized payment agreement.

How to fill out pre-authorized payment agreement?

To fill out a pre-authorized payment agreement, you need to provide your bank account details, the amount to be withdrawn, the frequency of the payments, and your authorization signature.

What is the purpose of pre-authorized payment agreement?

The purpose of a pre-authorized payment agreement is to simplify recurring payments, ensuring they are made on time without manual intervention, thus helping to avoid late fees.

What information must be reported on pre-authorized payment agreement?

The agreement must report the payer's name, contact details, bank account information, payment amount, payment frequency, and the duration of the authorization.