The EFT Authorization Form serves as a crucial document in South African financial transactions, enabling automated payment processing while ensuring compliance with local banking regulations. This document is essential when establishing recurring payment arrangements or authorizing regular deductions from a bank account. The form must comply with various South African legislation, including the National Payment System Act, POPIA, and FICA requirements. It typically includes detailed account holder information, banking details, authorization parameters, and terms governing the electronic funds transfer process. The EFT Authorization Form is widely used across various sectors for purposes such as insurance premiums, loan repayments, subscription services, and utility payments, providing a secure and efficient method for processing regular payments while protecting both the account holder's and beneficiary's interests.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Ƶ's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Account Holder Information: Essential details of the account holder including full name, ID number, contact details, and address as required by FICA regulations
2. Bank Account Details: Complete banking information including bank name, account number, branch code, account type, and branch name
3. Authorization Details: Specific details about the authorized debit including payment amount (fixed or variable), collection date, and frequency of collection
4. Beneficiary Information: Details of the company/entity being authorized to collect the funds, including registration number and contact information
5. Terms and Conditions: Standard terms governing the EFT authorization, including cancellation procedures, dispute resolution, and processing timeframes
6. Declaration: Statement confirming the accuracy of information provided and agreement to the terms and conditions
7. Authorization Signature: Space for account holder's signature, date, and witness signatures if required
1. Multiple Account Authorization: Additional section for authorizing collections from multiple bank accounts, used when the account holder wants to split payments across accounts
2. Variable Amount Declaration: Special terms and acknowledgments for variable amount deductions, required when the collection amount may vary month to month
3. Company Resolution: Required for corporate account holders, including resolution details authorizing specific individuals to sign the form
4. Escalation Clause: Optional section specifying automatic annual increases in deduction amounts, used for recurring service contracts
1. Schedule A: Payment Schedule: Detailed breakdown of payment dates, amounts, and frequency if multiple or recurring payments are involved
2. Appendix 1: Required Supporting Documents: Checklist of required supporting documents such as ID copy, proof of banking details, etc.
3. Appendix 2: Bank Account Verification: Bank account verification form or recent bank statement to confirm account details
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Insurance
Telecommunications
Utilities
Real Estate
Education
Healthcare
Retail
Professional Services
Non-Profit Organizations
Property Management
Subscription Services
Relevant Teams
Finance
Legal
Compliance
Operations
Accounts Receivable
Treasury
Customer Service
Sales Administration
Credit Control
Payment Processing
Banking Operations
Relevant Roles
Financial Manager
Accounts Receivable Manager
Compliance Officer
Legal Counsel
Banking Operations Manager
Credit Controller
Financial Controller
Treasury Manager
Account Manager
Collections Specialist
Payment Operations Manager
Customer Service Manager
Sales Administrator
Billing Coordinator
Finance Director
Find the exact document you need
Company Authorization Letter
A formal South African corporate document that delegates specific company authority to an individual or entity, compliant with local corporate law requirements.
Download
Authorization For Release Of Protected Health Information
A South African law-compliant authorization form for the release of protected health information, ensuring legal compliance with POPIA and the National Health Act.
Download
Borrower's Certification & Authorization
A South African legal document combining borrower declarations and authorizations for lenders, ensuring compliance with national credit and data protection regulations.
Download
Guardianship Authorization Affidavit
A South African legal document authorizing a person to act as guardian for a child, governed by the Children's Act 38 of 2005.
Download
Passport Parent Consent Form
A South African legal document providing parental consent for a minor's international travel, complying with national immigration and child protection laws.
Download
Approval Permission Letter To Conduct Research
A South African legal document granting formal authorization to conduct research activities under specified conditions and compliance requirements.
Download
Salary Deduction Form
A South African legal document authorizing employers to make specific statutory or voluntary deductions from an employee's salary, in compliance with local labor laws.
Download
Parental Consent Letter For Visa Application
A South African legal document providing parental authorization for a minor's visa application and international travel, compliant with Immigration Act 13 of 2002.
Download
Consent To Disclosure Of Information
A South African POPIA-compliant document authorizing the disclosure of personal information, capturing explicit consent and specifying the terms of information sharing.
Download
Authorisation Letter For Passport Collection
A South African legal document authorizing a designated person to collect a passport on behalf of the passport owner from official authorities.
Download
Consent To Disclose Personal Information
A POPIA-compliant consent document for the disclosure of personal information under South African law.
Download
Authorisation Letter For Collection
A South African legal document authorizing a designated person or entity to collect specific items or documents on behalf of the authorizer.
Download
Utility Bill Authorization Letter
A South African legal document authorizing third-party access to and management of utility bill information, compliant with local regulations including POPIA.
Download
Refund Authorization Letter
A formal South African legal document authorizing the return of funds to a customer, compliant with local consumer protection laws.
Download
Brand Authorisation Letter
A South African legal document granting permission to use specific brand assets and intellectual property, governed by local trademark laws.
Download
Authorization Letter To Request Documents
A South African legal document authorizing a designated party to request and collect specific documents on behalf of another individual or organization.
Download
Authorized Signatory Letter
A South African legal document that formally delegates signing authority from an organization to specific individuals, governed by South African company law.
Download
Authorization Letter To Act On Behalf
A South African legal document authorizing an agent to act on behalf of a principal, governed by local law and specifying the scope and duration of delegated authority.
Download
Authorization For Disclosure Of Information Form
A South African legal form that authorizes the disclosure of personal information in compliance with POPIA and related privacy laws.
Download
Permit Letter Of Authorization
A South African legal document granting specific permissions or rights to conduct authorized activities, subject to defined conditions and regulatory compliance.
Download
Eft Authorization Form
A South African-compliant authorization form for electronic funds transfers, enabling automated payment processing between bank accounts while meeting local banking regulations.
Download
Authorization For Release Of Medical Information
A South African legal document authorizing the release of medical information between specified parties, compliant with POPIA and healthcare legislation.
Download
Landlord Authorization Letter
A South African legal document authorizing a designated party to act on behalf of a landlord in property-related matters.
Download
Authorized Representative Verification Letter
A South African legal document verifying an individual's authority to act as a representative of an organization or person.
Download
Authorization For Release Of Information Form
A South African law-compliant consent form authorizing the release of specific information to designated recipients, aligned with POPIA requirements.
Download
Bank Consent Letter
A South African banking document that provides formal authorization for specific banking actions or information sharing, compliant with local banking and data protection regulations.
Download
Authorization Letter To Represent On Behalf Of Company
A South African law-compliant document authorizing an individual to represent and act on behalf of a company.
Download
Letter For Giving Permission
A formal South African legal document granting explicit authorization from one party to another for specific activities, uses, or rights.
Download
Authorization Letter For Payment On Behalf
A South African legal document authorizing a designated person or entity to make payments on behalf of another party, compliant with local financial regulations.
Download
Relative Caregiver Affidavit
A South African legal affidavit that establishes a relative's authority to act as a caregiver for a child, enabling them to make decisions regarding the child's care, education, and medical treatment.
Download
Affidavit Of Authorization
A South African legal document where one party formally authorizes another to act on their behalf, sworn before a Commissioner of Oaths.
Download
Workers Compensation Authorization Form
A South African legal document under COIDA that authorizes the processing of workers' compensation claims and medical information release for workplace injuries.
Download
Work Authorization Letter
A South African legal document authorizing specific individuals to perform designated work activities, compliant with local labor laws and organizational requirements.
Download
Third Party Release Form
A South African law-governed document providing formal release of liability, claims, or rights between parties, ensuring legal protection and compliance with local regulations.
Download
Third Party Credit Card Authorization Form Hotel
A South African-compliant legal form authorizing hotels to charge a third party's credit card for guest services, incorporating local financial and data protection requirements.
Download
Third Party Authorization Form
A South African legal document authorizing a third party to act on behalf of an individual or entity, compliant with POPIA and local legislation.
Download
Tenant Release And Consent Form
A South African legal document that formalizes the release of a tenant from their lease obligations while ensuring compliance with local property and privacy laws.
Download
Payroll Deduction Form
A South African law-compliant form authorizing employer deductions from employee wages, adhering to BCEA requirements.
Download
Payroll Deduction Authorization Form
A South African law-compliant form authorizing employers to make specific deductions from employee wages, including amount, frequency, and purpose details.
Download
Signature Authorization Form
A South African legal document that formally delegates and documents signing authority, compliant with ECTA and Companies Act requirements.
Download
ұԾ’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; ұԾ’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)