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A pre-authorized payment is an arrangement where a person gives permission for a company to automatically withdraw money from their account on a regular basis. This can be for bills, subscriptions, or other recurring payments. The person provides their bank account or credit card information to the company, and the agreed-upon amount is deducted at the specified intervals without needing manual authorization each time.
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What does it mean if something is automated?
If something is automated, it means it is a task that is done without one having to do much to get the task done. An example would be, preauthorized payments from your bank account. If it is automated, then a payment would come from your bank every month without you having to do anything other than the initial set up.
What is the process for setting up preauthorized withdrawals from my account?
To set up preauthorized withdrawals from your account, you typically need to provide the company or individual with your account information, such as your account number and routing number. You may also need to sign an authorization form allowing them to withdraw funds from your account on a regular basis. It's important to review and understand the terms of the agreement before setting up preauthorized withdrawals.
What does invoice mean?
request for payment i.e. billTypically a request for payment.
Concept of Payment in due course?
Its mean that the payment should be made after that
What does extract of payments mean?
extracted payment mean
What does preauthorized transfer mean?
A preauthorized transfer is a recurring payment or transfer that you have authorized a financial institution to make on your behalf, such as automatic bill payments or direct deposits. This authorization allows the institution to withdraw or deposit funds from your account without the need for you to initiate the transaction each time.
What does pet stand for on a bank payment?
I can't say for sure but according to my research the most likely candidate is Preauthorized electronic transfer. Check the payment again and see if you have set this up at your bank or online for a preauthroized fund transfer.
Does Microsoft store accept debit cards?
No because my Visa check card won't work there and they preauthorized $1 out of my checkbook
What is the meaning of this sentence You have got neither the payment nor new work yet?
I take this sentence to mean: You don't have the payment or the new work. You don't have the money or the work.
What does it mean if something is automated?
If something is automated, it means it is a task that is done without one having to do much to get the task done. An example would be, preauthorized payments from your bank account. If it is automated, then a payment would come from your bank every month without you having to do anything other than the initial set up.
What is the process for setting up preauthorized withdrawals from my account?
To set up preauthorized withdrawals from your account, you typically need to provide the company or individual with your account information, such as your account number and routing number. You may also need to sign an authorization form allowing them to withdraw funds from your account on a regular basis. It's important to review and understand the terms of the agreement before setting up preauthorized withdrawals.
What does invoice mean?
request for payment i.e. billTypically a request for payment.
Concept of Payment in due course?
Its mean that the payment should be made after that
What does ROG mean in payment terms?
Payment is required on Release Of Goods
What is payment for work?
Payment for Work means having paid for the products or the service that have been rendered by an employee of a certain business.
What does payment term immediate mean?
what is immediate mean
What does extract of payments mean?
extracted payment mean
