Billing > Alberta
Q: What is a Pre-Authorized Chequing Plan?
A: A Pre-Authorized Chequing plan is interest-free and offers the possibility of paying your premium through pre-authorized monthly withdrawals that are taken directly from your bank account. The first withdrawal equals a two-month premium, so that you are paying one month in advance, every month. Therefore, at renewal, the first instalment will be withdrawn a month before the renewal date.
Other related Questions: