Please complete all sections of the Pre-Authorized Payment Application Form which will instruct Collus PowerStream/Collingwood Public Utilities to withdraw payments directly from your account (regular chequing or savings accounts only). You must also attach a blank cheque marked “VOID” before submitting. Thank you.
Option #1 - Variable Payment Plan
- The exact amount will be withdrawn on the due date
With the Variable Payment Plan we will automatically deduct the payment directly from your bank account each month. Your invoice will be sent to you as usual approximately two weeks before the due date. On the due date the net amount will be deducted from your bank account. With this method of payment you have no more postage costs, no late charges and your bill is paid if you are away.
Option #2 - Equal Payment Plan
- An equal monthly payment will be withdrawn
This option is a fixed monthly amount based on the previous 12 months consumption at your residence. The fixed amount is deducted from your bank account on the 1st or 15th (you choose) of the month. Your monthly invoice is still sent to you showing the balance of your account. The program ends with the August payment, then all the accounts are reviewed, and if necessary adjusted. Should a payment be required to bring your account to a zero balance it will be automatically deducted from your account. If we owe you, we will credit your account. The program is available anytime throughout the year. With this method of payment you have a fixed budgeted monthly amount, no more postage costs, no late charges and your bill is paid if you are away. Your participation in the plan may be terminated at any time, however we require five days notice.
NOTE: Any change to banking information or removal from the program will require 5 (five) business days notification.
Only two payments being returned from your financial institution will be permitted, at which time any balances owing to the utility will be required to be paid.
I/we hereby authorize Collus PowerStream/Collingwood Public Utilities to draw monthly debits electronically, in accordance to the preauthorized monthly program. I/we also confirm that the above information has been read and I/we comply with the regulations of the of the preauthorized monthly program.