Debit Pre-Authorization Form | Canada
Set up pre-authorized payments by direct debit from a customer's bank account with this Authorization Form, for Canadian merchants and financial institutions.
- The payments will be processed in accordance with the Rules of the Canadian Payments Association.
- This form can be used for regular payments on a mortgage or loan, insurance premiums, investments, pension plan contributions, or payments on a customer's account.
- The authorization can be revoked at any time, but the revocation does not alter the customer's obligations to make payments.
- Includes instructions for the procedure by which the customer can dispute a payment that has been improperly withdrawn.
Payments by pre-authorized debit are easier for both the customer and the creditor. Download the Authorization Form template for your customers.
Last Updated: 23-June-2018