Keep Technologies Corp. | 515 Legget Drive, Suite 800, Ottawa, Ontario, Canada, K2K 3G4
Revised August 25, 2023
This form is to establish a Pre-Authorized Debit Agreement (“Agreement”) between you and Keep Technologies Corp. (“Keep”) for a Business Pre-Authorized Debit (“PAD”). Capitalized terms used but not defined in this Agreement have the meaning ascribed thereto in the platform agreement you have entered into with Keep (“Platform Agreement”).
You authorize Keep and any successor or assign of Keep to debit any and all bank accounts you have connected at any time through Open Banking Services in accordance with the Keep Linked Accounts Agreement in the following scenario:
You also authorize Keep and any successor or assign of Keep to debit variable amounts, including daily payments of partial amounts from any and all bank account for charges, fees, fines, balances, advances or other amounts owed in the following Scenarios:
Such daily payments will each constitute individual and separate charges, subject to reattempt upon failure for any reason.
You agree that the institution number, branch number and account number used to transmit Business PADs will be those which Keep has acquired through your connection to Open Banking Services.
You agree that a written confirmation of this Agreement may be sent to you 5 calendar days following processing of the first PAD. You have waived your right to receive pre-notification of the amount of the PAD and agreed that you do not require advance notice of the amount of PADs before the debit is processed.
You have certain recourse rights if any debit does not comply with this Agreement. For example, you have the right to receive reimbursement for any PAD that is not authorized or is not consistent with this Agreement. To obtain more information about your recourse rights, you can contact your financial institution or visit www.payments.ca.
You have the right to cancel this Agreement. In order to cancel this Agreement, you must email firstname.lastname@example.org with a request to cancel the PAD.
This authority is to remain in effect until Keep has received written notification from you of the change or termination. This notification must be received at least ten (10) business days before the next debit is scheduled. You may obtain a sample cancellation form, or more information on your right to cancel this Agreement at your financial institution or by visiting www.payments.ca.