Payment Authorization Form

Payment Authorization Form Template for Switzerland

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Payment Authorization Form

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

"I need a Payment Authorization Form under Swiss law for setting up recurring monthly payments from my corporate account to multiple vendors, starting from March 2025, with provisions for automatic annual fee adjustments and special requirements for payments exceeding CHF 50,000."

Document background

The Payment Authorization Form is a critical document used in Swiss banking and payment operations to establish formal authorization for financial transactions. It is commonly utilized when setting up recurring payments, direct debits, or authorizing specific payment arrangements between parties. The form must comply with Swiss banking regulations, including the Swiss Federal Banking Act and Data Protection Act, making it essential for businesses and individuals conducting financial transactions in Switzerland. This document typically includes detailed information about the account holder, payment recipient, specific payment terms, and necessary authorizations, while incorporating required data protection notices and cancellation rights. The Payment Authorization Form serves as a protective mechanism for all parties involved, ensuring clear documentation of payment arrangements while meeting regulatory requirements.

Suggested Sections

1. Account Holder Information: Details of the person/entity authorizing the payment, including full name, address, and contact information

2. Bank Account Details: Complete banking information including bank name, account number, IBAN, and BIC/SWIFT code

3. Payment Recipient Information: Details of the beneficiary/payee, including full name, address, and account information

4. Payment Details: Specification of payment amount, frequency (one-time/recurring), and payment schedule if applicable

5. Authorization Statement: Clear statement of authorization being granted, including specific permissions and scope

6. Data Protection Notice: Statement regarding the processing of personal data in compliance with Swiss Federal Data Protection Act

7. Cancellation Rights: Information about the right to cancel the authorization and the process for doing so

8. Signatures: Space for date and legally binding signature(s) of the account holder

Optional Sections

1. Joint Account Authorization: Additional section required when the account is jointly held, including all account holders' details and signatures

2. Corporate Authorization: Special section for corporate accounts, including evidence of signing authority and company stamps/seals

3. International Payment Provisions: Additional terms for cross-border payments, including currency conversion and international fees

4. Direct Debit Guarantee: Specific terms and conditions for direct debit arrangements, including refund rights

5. Third Party Authorization: Required when someone other than the account holder is authorized to set up/modify the payment authorization

Suggested Schedules

1. Schedule A - Payment Schedule: Detailed breakdown of payment dates, amounts, and frequencies for recurring payments

2. Schedule B - Terms and Conditions: Complete terms and conditions governing the payment authorization

3. Appendix 1 - Required Documentation: List of supporting documents required (e.g., ID verification, proof of address, company registration)

4. Appendix 2 - Bank's Terms: Standard terms and conditions of the bank relating to payment services

Authors

Alex Denne

Head of Growth (Open Source Law) @ ��Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking and Financial Services

Insurance

Utilities

Telecommunications

Property Management

Retail

Professional Services

Healthcare

Education

Non-Profit Organizations

Government Services

E-commerce

Relevant Teams

Finance

Legal

Compliance

Treasury

Banking Operations

Accounts Payable

Risk Management

Customer Service

Administration

Corporate Governance

Relevant Roles

Finance Manager

Accounts Payable Manager

Treasury Manager

Banking Operations Officer

Compliance Officer

Legal Counsel

Financial Controller

Account Manager

Payment Services Specialist

Risk Manager

Banking Relationship Manager

Operations Director

Corporate Secretary

Administrative Officer

Chief Financial Officer

Find the exact document you need

Visa Authorization Letter

A formal Swiss document providing authorization and guarantees for a foreign national's visa application under Swiss and Schengen regulations.

��������Ƶ

How ��������Ƶ reduced drafting time by 75% for a legal firm

Let's create your Payment Authorization Form

Authors

Alex Denne

Find the exact document you need

Visa Authorization Letter

Borrower's Certification & Authorization

Notary Authorization Form

Vital Records Authorization Form

Authorization Agreement

Authorization Letter Claim Documents

To Whom It May Concern Authorization Letter

Consent To Disclosure Of Information

Consent Authorization

ACH Payment Form

Letter Of Authorization For Passport Collection

Direct Debit Authorisation Form

Eft Authorization Form

Client Authorisation Form

Collection Authorisation Form

Direct Credit Authorisation Form

Vendor ACH Form

Third Party Credit Card Authorization Form

Third Party Authorization Form

Payroll Deduction Form

Signature Authorization Form

Return Authorization Form

Payroll Authorization Form

Payment Authorization Form

Release Of Information Form

Pre Authorized Payment Form

Pre Authorized Debit Form

Overtime Authorization Form

Minor Authorization Form

Credit Card Information Form

Credit Card Authorization Form

Burial Authorization Letter

Bank Authorization Form

Employee Direct Deposit Authorization Form

Dispatch Authorization Form

ACH Direct Deposit Form

Download our whitepaper on the future of AI in Legal

�ұ�Ծ���’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Use Cases

��Ƶ

How ��Ƶ reduced drafting time by 75% for a legal firm

�ұ�Ծ��’s Security Promise