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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.
Top 10 Questions
- How do I get a void cheque for a preauthorized deposit?
- How do I perform a wire transfer?
- What are the abbreviations for the transaction types for personal accounts?
- How do I find the branch/transit or account number?
- How do I transfer money to another individual or small business?
- How do I find my BIC and IBAN numbers?
- How do I set up Direct Deposit?
- How do I get a replacement bank card or a credit card?
- What are the different transaction codes and their meanings?
- How do I change my address, email or phone number online?
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