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Get and Sign Payors Pad  Form

Get and Sign Pad Agreement Form

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Cancel Payment Section cannot exceed 30 days. Revocation of this Authorization does not terminate any contract for goods or services that exists between me/us and Payee. No pre-noti cation will be given if the amount of the PAD decreases as a result of a reduction in municipal provincial or federal tax. Particulars of the Account that Payee is authorized to debit are indicated in the Payment Details section on page 1 of this Agreement. If this Authorization is for xed or variable amount...
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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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