In order to make full use of Tracument’s secure direct EFT payment and deposit features, you will need
to complete a short PAD agreement. This is a bank document provided by CIBC that allows Tracument
to deposit to or debit from your bank account. Fees associated with these transfers are paid by Tracument.
The document is tilted, "Pre-Authorized Debit Plan." This does not mean that your account will necessarily be debited. Tracument is always
free for document providers. If all you do is provide documents, your account will never be debited. If you receive documents and pay for
them by EFT, your account will be debited only by the total amount shown on the invoice from the document provider.
Tracument only debits fees related to document transfers and only with your express permission for each and every transaction. Tracument’s
implementation fees are invoiced separately.
Tracument covers the service fee charged by financial institutions for the use of EFTs. You may be charged a transaction fee by your
financial institution -- the same fee you incur each time you pay for something by cheque. This fee is determined by the type of bank account
you have. Most financial institutions offer unlimited accounts that do not charge for the type of transactions you will make by using Tracument.
Please speak to your financial institution for details.
Tracument ensures the security of your banking information. Your information will only be used to set up your organization’s Tracument
account. This PAD agreement is stored offline.