The Preauthorized Debit Form, structured as a SEPA Direct Debit mandate, is a fundamental document in German payment processing that enables automated collection of payments. This document is essential when establishing recurring payment arrangements or authorized one-time debits within the SEPA framework. It must comply with both German banking laws and EU regulations, particularly the SEPA Direct Debit Rulebook and German Civil Code requirements. The form includes crucial elements such as clear identification of parties, specific banking details, payment terms, and mandatory data protection notices. It's commonly used by businesses for collecting regular payments such as subscriptions, utility bills, insurance premiums, or other recurring charges, while providing security and clarity for both the payment collector and the account holder.
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1. Creditor Information: Creditor's name, address, creditor identifier, and mandate reference
2. Debtor Information: Debtor's name, address, and contact details
3. Bank Account Details: Debtor's IBAN and BIC information
4. Payment Information: Type of payment (recurring/one-off), collection date/frequency, and amount details
5. Authorization Declaration: Standard SEPA mandate text authorizing the direct debit and instructing the debtor's bank
6. Data Protection Notice: GDPR-compliant declaration about personal data processing and storage
7. Signature Section: Date, place, and signature fields for the debtor
1. Contract Reference: Reference to the underlying contract or service agreement when the direct debit is linked to a specific contract
2. Variable Amount Authorization: Additional authorization text for variable amount direct debits, including maximum amount limits if applicable
3. Multiple Account Holders Declaration: Additional section required when the bank account has multiple holders who need to authorize the direct debit
4. Electronic Mandate Information: Additional information required for electronic mandates, including electronic signature requirements
1. Payment Schedule: Detailed schedule of payment dates and amounts (for recurring fixed payments)
2. Terms and Conditions: Standard terms and conditions for the SEPA Direct Debit mandate, including revocation rights and notice periods
3. Information Sheet: Explanatory sheet about SEPA Direct Debit rights and obligations (often required by German banks)
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Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Insurance
Utilities
Telecommunications
Subscription Services
Real Estate and Property Management
Education and Training
Retail
Professional Services
Healthcare
Fitness and Wellness
Media and Entertainment
Relevant Teams
Finance
Accounts Receivable
Treasury
Legal
Compliance
Customer Service
Sales Administration
Banking Operations
Credit Control
Business Development
Relevant Roles
Finance Manager
Accounts Receivable Manager
Billing Coordinator
Treasury Manager
Financial Controller
Credit Control Manager
Customer Service Manager
Compliance Officer
Legal Counsel
Banking Operations Manager
Account Manager
Sales Administrator
Business Development Manager
Operations Director
Financial Services Representative
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