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Caoile EFT Authorization Form - English
Caoile EFT Authorization Form - English
Name of Account Payor Billing Account Number Issue Date Payment Period
Policy Number(s):
4001325102 Auto
************1938
03/2021
In this authorization “you” and “your” refer to each holder of the EFT Account who signs this EFT Form.
You authorize us to debit the EFT Account for all amounts owed to us from time to time for all insurance policies
under this bill account. You have read, understand and agree to the terms of the Electronic Funds Transfer Plan
Agreement which forms part of this EFT Form.
The withdrawals from the EFT Account will occur on the 25th day (or next business day) of each payment period.
As of the date of this authorization, the amount to be withdrawn from the EFT Account is approximately
$244.42 per payment period.
___________________ ________________________________________
Date EFT Account Holder’s Signature(s)
___________________ ________________________________________
Date Agent or Service Representative’s Signature
________________________________________
Agent or Service Representative’s Name (please print)
Representative HONG WU
Contact Information: 303-917 85 ST SW
CALGARY AB T3H 5Z9
tel: 403-221-7228
1. In this Agreement, “we”, “us”, “our” and “The Co-operators” refer 11. You undertake to notify us of any changes to your EFT Account
to Co-operators General Insurance Company and its successors information, providing us ten (10) days notice before the next
or assigns, and “you” and “your” refer to each holder of the EFT withdrawal date of your EFT to ensure that your insurance
Account. “EFT” means a pre-authorized debit withdrawal coverage is not interrupted. This includes changes to your
pursuant to this Agreement and “EFT Account” means the financial institution branch and/or bank account number, or credit
account indicated on the Electronic Funds Transfer Plan card number and/or card expiry date where applicable.
Authorization Form (the “EFT Form”) or such other replacement
EFT Account as indicated at any time by you to us. 12. You understand that should your down payment be returned for
non-sufficient funds (“NSF”) or is declined, the policy to which this
2. You acknowledge that this Agreement is being entered into for premium applies will be subject to cancellation and we will charge
our benefit and the benefit of any financial institution that holds you a $25.00 service fee. You may no longer qualify for our EFT
the EFT Account (the “EFT Institution”), and is being entered into plan.
in consideration of the EFT Institution agreeing to process EFTs
against the EFT Account in accordance with the rules of the 13. You understand that if at your regular withdrawal date, your
Canadian Payments Association (CPA). You authorize us to payment is returned for non-sufficient funds (“NSF”) or is
debit the EFT Account for all amounts owed to us from time to declined, we will re-attempt to debit the same withdrawal amount
time pursuant to your insurance policy. You understand that the again approximately seven (7) days later. If at that time, funds
amount of the EFT may vary depending on the current cost of are available in your account, your insurance coverage will
your insurance policy. continue uninterrupted. We will charge you a $25.00 service fee
at your next withdrawal date of your EFT. Repeated NSF
3. You understand that a specimen cheque marked “VOID” may be payments may disqualify you from the EFT plan. If that happened,
required, along with the EFT Form (applicable to pre-authorized you would be sent an invoice for the full amount remaining for the
chequing only). rest of your policy term.
4. You warrant to us on a continuing basis that all persons whose NOTE: If at the second withdrawal attempt your payment is
signatures are required to deal with the EFT Account have signed returned for non-sufficient funds (“NSF”) or is declined, the
the EFT Form and that the information set out on the EFT Form policy to which this premium applies will be subject to
with regard to the EFT Account is accurate and complete. cancellation and we will charge you an additional $25.00
service fee. You may no longer qualify for our EFT plan.
5. You acknowledge that the EFT Institution is not required to verify
that each EFT submitted by us has been issued in accordance When reapplying for insurance coverage, past due service
with this authorization, including, but not limited to, the amount, or fees will be applicable.
that the purpose of payment for which the EFT was submitted has
been fulfilled by us as a condition of honouring the EFT. 14. You understand that your EFT amount may increase or decrease
when the actual policy premium is determined, or if policy
6. You have certain recourse rights if any debit does not comply with changes are made, or if the premium for the renewal of any policy
this agreement. For example, you have the right to receive should change, or if a service fee has been charged. Any
reimbursement for any debit that is not authorized or is not decrease in premium resulting from changes made mid-term will
consistent with this Pre-Authorized Debit (PAD) Agreement. To be applied to any balance owing on your bill account.
obtain more information on your recourse rights, contact your
financial institution or visit www.payments.ca. 15. You understand when your EFT amount changes, you will be
notified in writing and/or will be verbally informed by your Agent or
7. We will not transfer the right to debit your EFT account to any Sales Representative. If notified in writing, the pre-notification will
other organization. be sent to you by regular mail ten (10) days before the next
withdrawal date of your EFT.
8. You may cancel this authorization at any time by providing us ten
(10) days prior notice, either by calling or visiting your Agent or 16. You understand that an EFT service fee may apply to this EFT
Sales Representative’s Co-operators office. For a sample Plan where applicable.
cancellation form or for more information on your right to cancel a
Pre-Authorized Debit (PAD) Agreement, contact your financial 17. For inquiries or questions about your Agreement, please contact
institution or visit www.payments.ca. your Co-operators Agent or Sales Representative.