The EFT Authorization Form is a fundamental document used in German banking and payment operations to establish automated payment arrangements between parties. This document is essential when setting up recurring payments, direct debits, or authorized electronic transfers in compliance with German banking regulations and EU directives. The form must adhere to strict requirements under German banking laws, PSD2, and GDPR, particularly regarding data protection and consumer rights. It typically includes comprehensive details about the account holder, banking information, payment parameters, and authorization scope. The document is commonly used for various purposes such as utility payments, insurance premiums, loan repayments, or business-to-business transactions within the German market.
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 legal name, address, and contact information as required by KWG and GDPR
2. Bank Account Details: IBAN, BIC/SWIFT code, and bank name for the account from which funds will be transferred
3. Authorization Scope: Clear description of what types of transfers are being authorized (one-time, recurring, maximum amounts, etc.)
4. Payment Details: Specific information about the authorized payments including frequency, amount, and duration for recurring payments
5. Data Protection Notice: GDPR-compliant information about how the personal and banking data will be processed and stored
6. Revocation Rights: Information about the account holder's right to cancel the authorization and the process for doing so
7. Declaration and Signature: Final authorization statement and space for legally binding signature with date
1. Third Party Authorization: Required when the authorization is being set up for a third party to initiate transfers, including details of the authorized third party
2. Multiple Account Authorization: Used when authorizing transfers between multiple accounts owned by the same holder
3. Special Instructions: Section for any specific conditions or instructions for the transfers
4. Foreign Currency Handling: Required when transfers might involve currency conversion or foreign currency transactions
1. Schedule of Authorized Payments: Detailed list of payment amounts and dates for recurring payments, required for complex payment arrangements
2. Terms and Conditions: Detailed terms and conditions of the bank or payment service provider regarding EFT services
3. Privacy Policy: Detailed GDPR-compliant privacy policy regarding the handling of personal and financial data
4. Cancellation Form: Standard form for revoking the authorization, as required by German consumer protection laws
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Insurance
Retail
Utilities
Telecommunications
Real Estate
Professional Services
Healthcare
Education
E-commerce
Subscription Services
Property Management
Relevant Teams
Finance
Accounts Payable
Accounts Receivable
Treasury
Legal
Compliance
Operations
Customer Service
Banking Operations
Payment Processing
Financial Control
Risk Management
Relevant Roles
Finance Manager
Accounts Payable Manager
Accounts Receivable Manager
Treasury Manager
Financial Controller
Compliance Officer
Legal Counsel
Banking Operations Manager
Payment Services Manager
Customer Service Manager
Account Manager
Financial Services Administrator
Banking Relationship Manager
Credit Controller
Finance Director
Find the exact document you need
Authorization For Claiming Money
A German law-compliant document authorizing a designated party to collect money on behalf of another, establishing the terms and scope of collection authority.
find out more
Eft Agreement
German law-governed agreement establishing terms for electronic funds transfer services, complying with German banking and EU payment regulations.
find out more
Borrower's Certification & Authorization
A German law-compliant document containing borrower certifications and authorizations for information verification in lending processes, meeting local banking and data protection requirements.
find out more
Authorization Letter To Claim Scholarship Allowance
A German law-compliant authorization letter enabling a designated representative to claim scholarship allowances on behalf of the recipient.
find out more
Authorization Letter To Claim Refund Money
A German law-compliant authorization letter empowering a designated representative to claim and receive refund money on behalf of the authorizer.
find out more
Authorization Letter For Claiming Cheque
A German law-compliant authorization letter enabling a designated person to collect a cheque on behalf of the authorizer.
find out more
Authorization For Disclosure Of Health Information Form
A GDPR-compliant German health information disclosure authorization form that enables controlled sharing of patient medical information while ensuring compliance with German healthcare privacy laws and EU regulations.
find out more
Notary Authorization Form
A German notarized power of attorney document that grants legal authority to represent another party, authenticated by a notary under German law.
find out more
Guardianship Authorization Affidavit
A German law-compliant affidavit authorizing guardianship of a minor, granting specific legal powers for the child's care and welfare.
find out more
Vital Records Authorization Form
A German-compliant authorization form for requesting vital records from civil registry offices (Standesamt), adhering to federal and state regulations.
find out more
Consent To Disclosure Of Information
A German law consent document for lawful disclosure and processing of personal information under GDPR and BDSG requirements.
find out more
Authorization Letter For Claiming Package
A German law-compliant authorization letter enabling a designated representative to collect packages on behalf of the authorizing party.
find out more
Authorization Letter For Claiming Birth Certificate
A German-law compliant authorization letter enabling a designated representative to collect a birth certificate from the Civil Registry Office on behalf of another person.
find out more
Authorization Letter For Cheque
A German law-governed document authorizing a designated person to handle a specific cheque on behalf of the principal, complying with German banking and civil law requirements.
find out more
Authorisation Letter For Driver
A German law-compliant document authorizing a designated person to operate specified vehicle(s), establishing legal permission and operational parameters.
find out more
ACH Payment Form
A German law-compliant ACH payment authorization form for electronic fund transfers, meeting SEPA and local banking requirements.
find out more
Authorisation Letter For Vehicle
A German law-compliant authorization letter granting specific permissions for vehicle operation and management to a designated party.
find out more
Letter Of Authorization For Passport Collection
A German-compliant authorization letter enabling a designated person to collect a passport on behalf of the passport holder, following German passport legislation requirements.
find out more
Short Authorization Letter
A German law-compliant authorization letter (Vollmacht) that formally delegates specific powers from one party to another, governed by the German Civil Code.
find out more
Authorization Letter To Process Electric Connection
A German law-compliant authorization letter enabling a designated party to process electrical connection matters with grid operators and relevant authorities.
find out more
Authorization Letter With ID
A German-law compliant authorization letter with identity verification that enables one party to act on behalf of another.
find out more
Authorization Letter To Post Office
A German-compliant authorization letter enabling a designated person to handle postal matters at post offices in Germany.
find out more
Personal Authorization Letter
A German law-compliant authorization document (Vollmacht) that enables one party to legally act on behalf of another for specified purposes.
find out more
Authorization Letter To Pay On My Behalf
A German law-compliant authorization letter granting specific payment authority to a designated individual or entity, including scope, limitations, and security measures.
find out more
Authorization Letter To Enroll In Behalf Of A Person
A German law-compliant authorization letter enabling a representative to handle enrollment procedures on behalf of another person.
find out more
Authorization Letter To Request Documents
A German law-compliant authorization letter that enables a designated representative to request and collect specific documents on behalf of the authorizing party.
find out more
Authorization Letter To Conduct Employment Verification
A GDPR-compliant German authorization letter allowing potential employers to verify candidate's employment history with previous employers.
find out more
Authorization Letter For Withdrawal
A German legal document authorizing specified parties to withdraw funds from a bank account, compliant with German banking regulations and SEPA requirements.
find out more
Authorized Signatory Letter
A German law-governed document that formally delegates authority from one party to another, specifying the scope of representation powers and complying with German legal requirements.
find out more
Authorization Letter To Submit Visa Application
A German law-compliant authorization letter empowering a representative to handle visa application processes on behalf of the authorizing party.
find out more
Authorization For Disclosure Of Information Form
A German-law compliant consent form authorizing the disclosure of specific information to designated parties, adhering to GDPR and BDSG requirements.
find out more
Authorization Letter For Stamp Making
A German law-compliant authorization letter permitting a stamp maker to create an official stamp or seal for specified use.
find out more
Eft Authorization Form
A German-compliant authorization form for electronic funds transfers, meeting local banking regulations and EU payment service directives.
find out more
Authorization For Release Of Medical Information
A German law-compliant authorization form for the release of medical information, ensuring adherence to GDPR and local data protection requirements.
find out more
Landlord Authorization Letter
A German law-compliant authorization document enabling a designated party to act on behalf of a property owner, governed by the German Civil Code (BGB).
find out more
Authorization Letter To Transfer Money To Another Account
A German-law compliant authorization letter enabling banks to transfer funds between accounts, containing specific transfer instructions and security measures.
find out more
Authorization Letter For Salary
A German law-compliant authorization letter enabling a designated person to manage or collect salary payments on behalf of an employee.
find out more
Authorization Letter For Water Connection
A German law-compliant authorization letter permitting water utility companies to establish water connections at specified properties.
find out more
Authorization Letter For Receiving Money
A German law-compliant authorization letter empowering a designated party to receive money on behalf of another, following BGB requirements.
find out more
Authorized Representative Verification Letter
A German law-governed document that formally verifies and confirms a representative's authority to act on behalf of an organization, meeting BGB and HGB requirements.
find out more
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)