Electronic Funds Transfer Authorization Form Template for Ireland

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

4.6 / 5

4.8 / 5

Let's create your Electronic Funds Transfer 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:

Electronic Funds Transfer Authorization Form

"I need an Electronic Funds Transfer Authorization Form for my Irish software company that will allow us to process recurring monthly subscription payments from our business customers, with the first payment starting March 1, 2025, including specific provisions for variable payment amounts."

Document background

The Electronic Funds Transfer Authorization Form is a critical document used in the Irish banking and payment services sector to facilitate secure electronic money transfers between accounts. This document is essential when establishing new payment arrangements, whether for single transactions or recurring payments, and must comply with the European Union (Payment Services) Regulations 2018, GDPR, and Irish banking laws. The form collects and validates essential information including account holder details, bank account information, payment specifications, and explicit authorization for the transfer of funds. It's particularly relevant in an increasingly digital banking environment, where secure and properly documented payment authorizations are crucial for both regulatory compliance and operational efficiency.

Suggested Sections

1. Payer Information: Details of the individual or entity authorizing the electronic funds transfer, including full name, address, and contact information

2. Bank Account Details: Payer's bank account information including account holder name, IBAN, BIC/SWIFT code, and bank name

3. Payee Information: Details of the receiving party, including business name, account details, and reference information

4. Transfer Details: Specification of the transfer amount, frequency (one-time or recurring), and payment dates

5. Authorization Statement: Clear statement of authorization for the electronic funds transfer and agreement to the terms and conditions

6. Data Protection Notice: GDPR-compliant statement about how personal and financial information will be collected, used, and protected

7. Rights and Obligations: Statement of the payer's rights regarding cancellation, modification, and refunds, as well as obligations of all parties

8. Signature and Date: Space for electronic or physical signature and date of authorization

Optional Sections

1. Direct Debit Guarantee: Required only for direct debit arrangements, explaining the protections offered under the SEPA Direct Debit scheme

2. Multiple Account Authorization: Optional section for cases where transfers may be made from multiple accounts

3. Variable Amount Authorization: Required when the transfer amount may vary, including maximum amount limitations

4. International Transfer Details: Additional information required for international transfers, including currency conversion acknowledgment

5. Third Party Authorization: Required when the person authorizing the transfer is not the account holder

Suggested Schedules

1. Schedule A - Payment Schedule: Detailed schedule of payment dates and amounts for recurring transfers

2. Schedule B - Fee Schedule: Breakdown of any applicable fees for the electronic funds transfer service

3. Appendix 1 - Terms and Conditions: Detailed terms and conditions governing the electronic funds transfer service

4. Appendix 2 - Privacy Notice: Detailed privacy notice explaining data protection practices and rights under GDPR

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 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 & Financial Services

Financial Technology

Retail

E-commerce

Professional Services

Healthcare

Insurance

Utilities

Telecommunications

Education

Real Estate

Non-Profit Organizations

Government Services

Relevant Teams

Finance

Accounts Payable

Accounts Receivable

Treasury

Legal

Compliance

Operations

Customer Service

Risk Management

Data Protection

Banking Operations

Payment Processing

Administrative Support

Relevant Roles

Finance Manager

Accounts Payable Manager

Accounts Receivable Manager

Treasury Manager

Financial Controller

Compliance Officer

Banking Operations Manager

Payment Services Manager

Legal Counsel

Risk Manager

Data Protection Officer

Customer Service Manager

Branch Manager

Account Manager

Financial Services Administrator

Find the exact document you need

Request For Authorization Letter

A formal document under Irish law requesting authorization or permission to act on behalf of another party or perform specific actions, subject to Irish legal requirements.

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

Let's create your Electronic Funds Transfer Authorization Form

Authors

Alex Denne

Find the exact document you need

Request For Authorization Letter

Legal Authorization Letter

Authorisation Form

Direct Credit Authorisation Form

Collection Authorisation Form

Client Authorisation

Authorization Letter For ATM Card

Authorisation Letter On Behalf

Authorisation Letter For Vehicle

Brand Authorisation Letter

Authorization Letter To Receive Parcel

Client Authorisation Form

Authorisation Letter For Passport Collection

Online Credit Card Authorization Form

Eft Agreement

Release Authorization

Authorization Letter To Pick Up Parcel

Authorization Letter To Use Credit Card

Salary Deduction Form

Parental Consent Letter For Visa Application

Consent To Disclosure Of Information

Authorization Letter For Motorcycle

Authorization Letter For Cheque

Consent To Disclose Personal Information

Letter Of Authorization For Utility Bill

Refund Authorization Letter

Authorization Letter To Process Electric Connection

Authorization Letter With ID

Personal Authorization Letter

Authorization Letter To Withdraw Money On My Behalf

Authorization Letter To Deposit Check

Authorised Signatory Letter

Authorization Letter For Requesting Documents

Consent Letter For International Passport

Permit Letter Of Authorization

Authorization For Release Of Medical Information

Landlord Authorization Letter

Consent Letter From Parent For International Passport

Travel Consent Form

Authorization Letter For Residency

Self Authorization Letter

Letter Of Authorization From Property Owner

Authorization For Release Of Information Form

Authorization Letter To Sell A Car On Someone Behalf

Authorization Letter To Collect Visa On My Behalf

Authorization Letter For Transfer Of Ownership

Reseller Authorization Letter

Authorization Letter For Transaction

Third Party Authorization Letter

Bank Consent Letter

Authorisation Letter To Collect Certificate

Authorization Letter For Payment On My Behalf

Authorization Letter For Payment

Authorization Letter For Medical Records

Authorization Letter For Check Encashment

Authorization Letter For Electric Bill

Authorization Letter For Diploma

Affidavit Of Support And Consent To Travel

Affidavit Of Consent To Travel

Affidavit Of Authorization

Work Authorization Letter

Third Party Release Form

Third Party Credit Card Authorization Form

Third Party Authorization Form

Tenant Release And Consent Form

Permission Letter For Medical Treatment

Payroll Deduction Form

Tenant Authorization Letter

Payroll Deduction Authorization Form

Signature Authorization Form

Return Merchandise Authorization Form

Payroll Authorization Form

Return Authorization Form

Resolution Letter For Authorized Signatory

Payment Authorization Form