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What is a Pre-Authorized Payment?


A Pre-Authorized Payment is a transaction in which you authorize a biller to automatically charge your credit card or withdraw funds from your bank account on a regular, recurring basis (e.g., cell phone service, internet service, gym membership, etc.) they are providing.

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Top 10 Questions

  1. How do I get a void cheque for a preauthorized deposit?
  2. How do I perform a wire transfer?
  3. What are the abbreviations for the transaction types for personal accounts?
  4. How do I transfer money to another individual or small business?
  5. How do I find the branch/transit or account number?
  6. How do I set up Direct Deposit?
  7. When are the tax slips mailed?
  8. How do I close an account?
  9. What are the different transaction codes and their meanings?
  10. How do I order cheques for my bank account?
questions?
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