How PAD (Pre-Authorized Debit) Works on Chexy
Pre-Authorized Debit (PAD) lets your recipient withdraw funds directly from your Chexy account on your payment due date — no manual transfers needed. It's most commonly used for rent payments with large property managers or institutions that already have PAD systems in place.
Step 1: Select PAD as Your Payout Method
When setting up your payment in Chexy, choose Pre-Authorized Debit (PAD) as your delivery method.
Step 2: Get Your Chexy PAD Banking Details
Once PAD is selected, you'll receive unique Chexy PAD banking details to share with your recipient so they can set up the withdrawal on their end.
👉 Not sure where to find them? Here's how to find your Chexy PAD account details.
Step 3: Share Your Details With Your Recipient
There are two ways to set up PAD with your recipient:
Directly with your recipient — Share your Chexy PAD banking details with them. If they require a void cheque, you can download one directly from your Chexy dashboard.
Through a tenant portal (e.g., RentCafe, Yardi, Building Stack) — If your landlord uses an online portal, enter your Chexy banking details there to enable PAD payments.
Step 4: Complete Micro-Deposit Verification (If Required)
Some recipients require a micro-deposit verification before activating PAD. If your recipient initiates one, Chexy will email you the deposit amount once received so you can complete the verification process.
Step 5: Chexy Charges Your Credit Card
Recurring PAD payments: Your credit card is charged 4 business days before your payment due date to ensure funds are settled in your Chexy account in time.
One-time PAD payments: Your card is charged immediately.
🚀 Step 5b: Rush Payment (New Feature)
Need your payment processed sooner? For an additional fee of 0.3%, you can enable Rush Payment — your payment will be submitted the next business day instead of the standard 4 days prior.
Cutoff time to qualify for PAD Rush (next-day submission):
Method | Next-day cutoff | Why |
PAD | 9:00 PM ET | The only constraint is making today's batch |
Note: The global hard cutoff is 9:00 PM ET. No rush is possible after this time for any payment method.
Step 6: Your Recipient Withdraws the Funds
On your payment due date, your recipient submits a withdrawal request from your Chexy account.
Payment due on a weekend or holiday? PAD withdrawals are only processed on business days. If your due date falls on a Saturday, Sunday, or holiday, the withdrawal will occur on the next business day. This is standard PAD processing — your recipient should already be aware of this.
Important Things to Know Before Choosing PAD
Confirm your recipient accepts PAD — Not all recipients support this method. Check with them before setting it up.
Chexy does not initiate the withdrawal — Your recipient is responsible for pulling the funds. We have no visibility into whether they've set things up correctly, so always confirm with them before your first payment.
Void cheque available — If your recipient needs one to verify your account details, download it directly from your Chexy dashboard.