Difference between revisions of "Pre-authorized debit"

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Somebody should make a page here that talks about the process for pre-authorized debit (in particular: what members need to know, what the board needs to know, etc)
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The simplest way to pay your membership dues is by pre-authorized debit (PAD) (aka Customer Automated Fund Transfer or CAFT). With PAD, your dues will be automatically withdrawn from your bank account by Assiniboine Credit Union (ACU) on the 15th of the month. No manual actions are needed by the member or the the directors of the board.
  
For instance, members who want their PAD cancelled should talk to their banks, because it doesn't look possible from our end.
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In order to sign up for PAD, please fill out the form linked below. Ensure that the top is marked "NEW" if you are not currently setup with PAD or "CHANGE" if you are changing the banking information on your PAD. If you would like to cancel your PAD arrangement, please fill out the same form and mark it "CANCEL" at the top.
  
For now, here's a link to the form: [[Media:SkullSpace PAD.pdf|pre-authorized debit form]]
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Your completed PAD form can be dropped off at any ACU branch. Ask the teller to forward it to "Payment Services" (the tellers are sometimes confused by this as they don't typically deal with these forms, but this is the simplest way to get these forms submitted to ACU). Alternatively, your PAD form can be given to a director who will drop it off at ACU as time permits. As there is some time delay between submitting a PAD form and ACU activating the changes they specify, if you are in a hurry to get your PAD updated it is recommended that you deliver the PAD form yourself.
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The PAD form: [[Media:SkullSpace PAD.pdf|pre-authorized debit form]]
  
 
[[Category:Legal]]
 
[[Category:Legal]]

Revision as of 19:23, 6 July 2015

The simplest way to pay your membership dues is by pre-authorized debit (PAD) (aka Customer Automated Fund Transfer or CAFT). With PAD, your dues will be automatically withdrawn from your bank account by Assiniboine Credit Union (ACU) on the 15th of the month. No manual actions are needed by the member or the the directors of the board.

In order to sign up for PAD, please fill out the form linked below. Ensure that the top is marked "NEW" if you are not currently setup with PAD or "CHANGE" if you are changing the banking information on your PAD. If you would like to cancel your PAD arrangement, please fill out the same form and mark it "CANCEL" at the top.

Your completed PAD form can be dropped off at any ACU branch. Ask the teller to forward it to "Payment Services" (the tellers are sometimes confused by this as they don't typically deal with these forms, but this is the simplest way to get these forms submitted to ACU). Alternatively, your PAD form can be given to a director who will drop it off at ACU as time permits. As there is some time delay between submitting a PAD form and ACU activating the changes they specify, if you are in a hurry to get your PAD updated it is recommended that you deliver the PAD form yourself.

The PAD form: pre-authorized debit form