Get Pre-authorized Debit Agreement (pad) Payor's Authorization

Completing a Pre-authorized Debit Agreement (PAD) Payor's Authorization is a straightforward process that allows you to authorize automatic withdrawals from your bank account. This guide provides step-by-step instructions to help you navigate the online form efficiently.

Follow the steps to complete your Pre-authorized Debit Agreement.

1. Press the ‘Get Form’ button to access the document and open it in your selected editor.
2. Begin by entering the account holder's name and account number in the designated fields. Ensure that the information is accurate.
3. Fill in the telephone number and address, including street, city, province, and postal code. Make sure all details are clearly stated to avoid any issues.
4. Provide the name and address of your financial institution, along with your account number and transit number for the transactions to be processed correctly.
5. In the authorization of withdrawal section, specify the amount to be withdrawn and select the frequency from the available options: monthly, semi-annual, or annual. Indicate the preferred draw day, choosing any date between the 1st and the 28th.
6. If applicable, include your contract number(s) and any special instructions relevant to your agreement.
7. Select the type of PAD Agreement you wish to authorize: personal/individual or business.
8. Review the waiver section and confirm your agreement to waive written notice before the first debit and any changes made thereafter.
9. Acknowledge the change or cancellation policy by indicating that you will notify the financial institution of any changes at least 10 business days prior to a withdrawal.
10. Sign the form in the designated space provided for the account holder(s). Enter the date in the specified format (YYYY/MM/DD). If two signatures are required, ensure the second account holder also signs and dates accordingly.
11. Finally, attach a personal cheque marked 'VOID' to avoid transcription errors, if applicable.
12. Once you have reviewed all sections for accuracy, save your changes. You may then download, print, or share your completed form as needed.

Complete your Pre-authorized Debit Agreement online now to get started.