Pre-authorized Debit Plan Agreement

Authorization

I hereby authorize MoneyCell and its representative to make pre-authorized withdrawals (i.e. debit) from my account, with the financial institution and to start debiting, as per my instructions, one-time payments from time to time in payment of all charges arising under my account or accounts with MoneyCell. Payments for the full amount will be debited to the Account the day immediately following my request. I agree that the duly signed delivery of this Agreement to MoneyCell constitutes delivery by me to the Financial Institution.

Waiver

I agree to waive any pre-notification pertaining to the amounts or dates of each payment order from the Account. I acknowledge receipt of a copy of this Agreement and waive all other confirmation prior to the first payment or at any other time.

Authorization Terms

If the Financial Institution does not honour the pre-authorized debit pursuant to the aforementioned payment order, MoneyCell may attempt to withdraw that payment again within 30 days.

If the Account is closed or changed, I agree to inform MoneyCell immediately. I may revoke the present authorization at any time by sending a pre-notification to MoneyCell.  I may obtain a sample cancellation form, or get further information on my right to cancel this pre-authorized debit agreement by contacting the Financial Institution or through the Canadian Payments Association website at www.cdnpay.ca. I understand that revocation of this authorization without substitution by another pre-authorized debit agreement with another financial institution will lead to the termination of the MoneyCell service.

All withdrawals on the Account following a payment order such as aforementioned shall be considered a personal withdrawal as defined by the Canadian Payments Association in its Rule H1.

Release

I release the Financial Institution of all liability, except in the case of gross negligence on its part. I accept that the Financial Institution is not required to verify that the payment is debited in accordance with my authorization.

Recourses

I have certain recourses if any debit does not comply with this agreement. For example, I have the right to receive reimbursement for any debit that is not authorized or is not consistent with this PAD Agreement. To obtain more information on my rights and recourses rights, I can contact the Financial Institution or visit www.cdnpay.ca.

Any claim for reimbursement of disputed payments withdrawn in error will be made in accordance with the procedures of the Financial Institution, within 90 calendar days, provided that this claim is for a valid reason. A claim for reimbursement filed after the aforementioned time limits must be settled between MoneyCell and I, without any liability or commitment on the part of the Financial Institution.

Personal information

I hereby consent to the disclosure of the information contained in my pre-authorized debits enrolment form to the Financial Institution, provided such communication is directly related and required to the sound application of rules pertaining to pre-authorized debits. Any joint account holder who signs this Agreement agrees in the same right to the disclosure of this information.

Joint Account Holder

I warrant and guarantee that all persons whose signatures are required to sign on the Account have signed the present authorization. The joint Account holder acknowledges having read and understood this Agreement, and agrees to be bound to it as if he/she were to the primary holder (subscriber). For the purposes of the present Agreement, the singular includes the plural.

Applicable to the Province of Quebec only

It is the express wish of the parties that this Authorization and any related documents be drawn up and executed in English. Les parties conviennent que la présente autorisation et tous les documents s’y rattachant soient rédigés et signés en anglais.