I'm trying to understand the meaning of the abbreviation 'PAC' when it's used in the context of payments. Could someone please explain what it stands for?
6 answers
ThunderBreezeHarmony
Mon Nov 11 2024
This method allows individuals to automate their savings process.
ZenBalance
Mon Nov 11 2024
By establishing a PAC, funds are deducted from your chequing or savings account periodically.
HanjiArtistryCraftsmanshipMasterpiece
Mon Nov 11 2024
The predetermined amount is then transferred to your investment account.
KpopHarmonySoulMateRadiance
Mon Nov 11 2024
A Pre-Authorized Contribution (PAC) offers a seamless approach to saving for your objectives.
Silvia
Mon Nov 11 2024
The process is hassle-free and ensures regular contributions to your savings.