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The ACH Payment Form, implemented in Austria as a SEPA Direct Debit Mandate, is a crucial document for establishing automated payment arrangements between parties. This document is essential when setting up recurring payments or authorized one-time transfers from a debtor's bank account to a creditor's account within the Austrian banking system. It must comply with the Austrian Payment Services Act (Zahlungsdienstegesetz), EU SEPA regulations, and GDPR requirements. The form collects necessary information including creditor identification, debtor details, bank account information, and payment specifications. It's commonly used for regular payments such as utility bills, insurance premiums, subscription services, or loan repayments. The document serves as legal proof of authorization for direct debit transactions and includes mandatory consumer protection elements as required by Austrian law.

1. Creditor Information: Mandatory section containing the creditor's name, creditor identifier, and full address

2. Mandate Reference: Unique mandate reference number (to be completed by the creditor)

3. Debtor Information: Mandatory section for debtor's full name and address

4. Bank Account Details: IBAN and BIC information for the debtor's bank account

5. Type of Payment: Specification of whether this is a one-off or recurring payment

6. Payment Details: Amount or calculation method for the payment, and frequency if recurring

7. Authorization Declaration: Standard SEPA declaration text authorizing the direct debit

8. Signature Block: Date, location, and signature fields for the debtor