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Get and Sign Business Pre Authorized Debit PAD Payor's Authorization  Form

Get and Sign Business Pre Authorized Debit PAD Payor's Authorization Form

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This Authorization to Manulife s bank but only as far as any such disclosure is directly related to and necessary for the proper application and processing of the Pre-Authorized Debit. 4. The Payor hereby authorizes Manulife to issue Pre-Authorized Debits drawn on this Account with the Processing Institution for the following purpose Payment of Group Savings Plan contributions as submitted by the Plan Sponsor for the Group Policy number noted in Section 1. The Payor acknowledges that a claim on...
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So let's get down to business today's session is all about automated funds transfers or a FTS you may also have heard these referred to as electronic funds transfers or EFT s AF TS are a very popular electronic payment method used by consumers businesses and government agencies every day during our time together we'll look at the two kinds of a FTS direct deposits and pre-authorized debits and examine the end-to-end process as they move through the clearing system direct deposits and pre-authorized debits are both a FTS direct deposits are credits sent to a customer's account at a financial institution for example payroll deposits or child tax benefits pre-authorized debits or pads are debits drawn from an account at a financial institution you may also have heard pads referred to as pre-authorized checking P AC or pre-authorized payments PA PS pads are typically used to pay for recurring payment obligations like mortgages and utilities membership dues charitable donations RSP investme

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