Pre-Authorized Debit (PADs)
- Allows members to give the church/bank permission to automatically withdraw donations from their personal accounts to be deposited directly into the church bank account.
- Members will be required to complete a PAD Authorization Form and provide a void cheque. See sample PAD Agreement Form below that has been approved for banking.
- For those members who want to give consistent, monthly amounts on the same day of each month. Each change to amount or date will require the signing of a new form for authorization purposes.
SETUP:
is done through CIBC (or banking institute) through an online platform to upload and execute monthly transactions.
Contact Person @ CIBC: Max Runge
Email: maxime.runge@cibc.com
SYSTEM REQUIREMENTS:
Requires additional software (Simply Accounting EFT software) to create PAD files for upload to bank website. Please contact the national office for further instructions on setup for Simply Accounting.
COST:
The bank may charge church account for EFT capabilities and per file fee.