Cryptocurrency Q&A
What is PAC in banking?
What is PAC in banking?
Tommaso
Sun Nov 10 2024
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6 answers
902
I'm curious about the term PAC in the banking industry. I've encountered it a few times but I'm not sure what it stands for or its specific function within the banking context. Could someone please explain what PAC means in banking?
6 answers
Andrea
Tue Nov 12 2024
This plan also facilitates automatic contributions to various savings vehicles.
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MysticMoon
Tue Nov 12 2024
A Pre-Authorized Contribution (PAC) plan serves as a convenient method for managing finances.
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Riccardo
Tue Nov 12 2024
It allows individuals to set up automatic deposits into their cash accounts.
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SamsungShine
Mon Nov 11 2024
You can use a PAC plan to make regular contributions to your Tax-Free Savings Account (TFSA).
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CryptoLordGuard
Mon Nov 11 2024
Similarly, it can be utilized for automatic transfers to your First Home Savings Account (FHSA).
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