��������Ƶ

The Debit Authority Letter is a essential banking instrument in Indonesia used to establish and maintain automated payment arrangements between account holders and financial institutions. This document becomes necessary when an account holder needs to authorize regular debit transactions for recurring payments, or when setting up automatic bill payments with service providers. The letter must comply with Indonesian banking regulations, particularly those set by Bank Indonesia and the Financial Services Authority (OJK). It includes critical information such as account details, authorized debit amounts, frequency of debits, and the duration of the authority. The document serves multiple purposes across various sectors, from utility bill payments to loan repayments, and can be used by both individuals and businesses. When properly executed, a Debit Authority Letter provides legal protection for all parties involved while facilitating smooth financial transactions.

1. Letter Header: Date, recipient bank details, and reference number

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

3. Account Information: Complete bank account details including account number, branch, and account type

4. Authorization Statement: Clear statement authorizing the bank to process debits, including the purpose of the authorization

5. Debit Specifications: Details of the authorized debit arrangements including maximum amount, frequency, and duration

6. Terms and Conditions: Key conditions governing the debit authority including cancellation terms and dispute procedures

7. Declaration: Statement confirming the accuracy of information and acceptance of terms

8. Signature Block: Space for account holder's signature, date, and witness signature if required