Pre-authorized Debit (Pad) / Direct Deposit Authorization - Canada

This " Pre-authorized Debit (pad) / Direct Deposit Authorization " is a document issued by the Atlantic Canada Opportunities Agency specifically for Canada residents with its latest version released on July 1, 2014.

Download the up-to-date fillable PDF by clicking the link below or find it on the forms website of the Atlantic Canada Opportunities Agency.

FAQ

Q: What is a Pre-authorized Debit (PAD)?
A: A Pre-authorized Debit (PAD) is an automatic payment method where funds are withdrawn from your bank account to pay for goods or services.

Q: What is Direct Deposit?
A: Direct Deposit is an electronic transfer of funds directly into your bank account, such as your paycheck or government benefits.

Q: How do I set up a Pre-authorized Debit (PAD)?
A: To set up a PAD, you would need to provide your bank account information to the company or organization that you want to authorize for automatic payments.

Q: How do I set up Direct Deposit?
A: To set up Direct Deposit, you would need to provide your bank account information to your employer or the organization responsible for making the deposit.

Q: Can I cancel a Pre-authorized Debit (PAD) or Direct Deposit?
A: Yes, you can cancel a PAD or Direct Deposit by contacting your bank and providing them with the necessary instructions.

Q: Are there any fees associated with Pre-authorized Debit (PAD) or Direct Deposit?
A: Fees may vary depending on your bank and the specific transactions, so it's best to check with your bank for any applicable fees.