Direct Credit Authorisation Form - England and Wales

Direct Credit Authorisation Form for the United Kingdom

Direct Credit Authorisation Form Template for England and Wales

A Direct Credit Authorisation Form is a legal document used in England and Wales that enables an organization to make electronic payments directly into a recipient's bank account. The form collects necessary banking details and explicit consent from the account holder, complying with UK payment services regulations and data protection laws. It serves as formal authorization for recurring or one-off payments and creates an audit trail for payment processing.

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What is a Direct Credit Authorisation Form?

The Direct Credit Authorisation Form is a fundamental document in the UK banking system, specifically designed for use in England and Wales. It enables secure and efficient electronic fund transfers by collecting and verifying recipient bank details. This form is essential when setting up new payment arrangements, whether for regular salary payments, supplier payments, or other recurring transfers. It ensures compliance with Payment Services Regulations 2017 and data protection requirements while providing both parties with clear documentation of the payment arrangement.

What sections should be included in a Direct Credit Authorisation Form?

1. Account Holder Details: Full name, address, and contact information of the account holder

2. Bank Account Details: Account number, sort code, bank name and branch

3. Authorization Statement: Clear statement authorizing direct credits to the specified account

4. Data Protection Notice: Information about how personal data will be used and protected

5. Signature Section: Space for account holder signature and date

What sections are optional to include in a Direct Credit Authorisation Form?

1. Payment Schedule: Details of payment frequency and amounts, used when payments are recurring

2. Multiple Account Options: Space for alternative account details, used when offering choice of accounts

3. Company Details: For business accounts, includes company registration and authorized signatories

What schedules should be included in a Direct Credit Authorisation Form?

1. Terms and Conditions: Standard terms governing the direct credit arrangement

2. Privacy Notice: Detailed information about data processing and protection

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

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What is a Direct Credit Authorisation Form?

What sections should be included in a Direct Credit Authorisation Form?

What sections are optional to include in a Direct Credit Authorisation Form?

What schedules should be included in a Direct Credit Authorisation Form?

Authors

Alex Denne

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