Payment Authorization Form Template for Denmark

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:

Payment Authorization Form

Document background

The Payment Authorization Form is a fundamental document used in Danish financial transactions to establish formal permission for payment processing. It is required whenever an entity needs to obtain explicit authorization to initiate payments from an account holder's bank account, whether for single or recurring transactions. The form must comply with the Danish Payments Act, incorporating EU PSD2 requirements and GDPR considerations. It is commonly used for setting up direct debits, recurring subscription payments, or authorized one-time transactions. The document includes essential details such as account information, payment terms, data processing declarations, and authorization scope. It serves as a crucial tool for businesses and financial institutions in Denmark to ensure legally compliant payment processing while protecting both the payment initiator and the account holder.

Suggested Sections

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

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

3. Payment Details: Specification of payment amount, frequency (if recurring), and purpose of payment

4. Authorization Declaration: Clear statement of what the account holder is authorizing, including the specific permissions being granted

5. Data Protection Notice: GDPR-compliant statement about how the payment and personal data will be processed and stored

6. Termination Rights: Information about how to cancel or modify the payment authorization

7. Signature Block: Space for date and signature (whether electronic or physical)

Optional Sections

1. Direct Debit Mandate: Additional section required when the authorization is for direct debit payments, including SEPA mandate information

2. Third Party Authorization: Required when someone other than the account holder is authorized to manage the payment arrangements

3. Multiple Payment Schedule: Used when authorizing varying payment amounts or frequencies over time

4. International Payment Terms: Required for cross-border payment authorizations, including currency conversion terms

5. Corporate Authorization: Additional section for corporate accounts requiring proof of authority to sign

Suggested Schedules

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

2. Schedule B - Terms and Conditions: Detailed terms and conditions of the payment service provider

3. Appendix 1 - Supporting Documentation: List of required supporting documents (ID verification, company registration, etc.)

4. Appendix 2 - Privacy Policy: Detailed privacy policy and data processing information as required by GDPR

Authors

Relevant legal definitions

Clauses

Relevant Industries

Relevant Teams

Relevant Roles

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your Payment Authorization Form

Authors

Find the exact document you need

Authorization Letter To Collect Cheque Book

Eft Agreement

Release Authorization

Passport Parent Consent Form

Consent To Disclosure Of Information

Consent To Disclose Personal Information

Authorization Letter To Collect Cheque On Behalf Of Company

Authorization Letter To Act On My Behalf

Eft Authorization Form

Collection Authorisation Form

Consent For Release Of Information

Authorization Letter To Sell Property

Procuration Letter

Third Party Credit Card Authorization Form Hotel

Third Party Credit Card Authorization Form

Third Party Authorization Form

Tenant Authorization Letter

Tenant Authorization Form

Payroll Authorization Form

Special Power Of Attorney Authorization Letter

Signature Authorization Form

Return Merchandise Authorization Form

Return Authorization Form

Release Of Records Form

Release Of Information Form

Payment Authorization Form

Pre Authorized Debit Form

Overtime Authorization Form

Medical Release Form For Minor

Credit Card Information Form

Credit Card Authorization Form

Consent To Treat Form

Consent Release Form

Consent Authorization Form

Burial Authorization Letter

Bank Deposit Form

Authorization To Release Information

Authorization Letter To Claim Financial Assistance

Medical Release Form

Delegation Form

Manufacturer Authorization Form

Letter Of Authorization Passport

Letter Of Authorization Form

Download our whitepaper on the future of AI in Legal

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Commercial

Employment

IP

Administration

Finance

R&D

Use Cases