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The Direct Credit Authorisation Form is a critical banking document used in Ireland when an organization needs to establish automated payment arrangements to credit funds to a recipient's bank account. This form is commonly used for various purposes including salary payments, pension distributions, dividend payments, and regular supplier payments. It must comply with Irish banking regulations, SEPA requirements, and EU payment services directives. The form collects essential information such as account holder details, bank account information (IBAN and BIC), payment specifications, and formal authorization. It includes mandatory data protection notices in compliance with GDPR and may be used in both paper and electronic formats, subject to the Electronic Commerce Act 2000. The document is designed to create a clear audit trail and establish unambiguous authorization for recurring or one-off credit transfers.

1. Account Holder Information: Details of the account holder including full name, address, and contact information as required by GDPR and banking regulations

2. Bank Account Details: IBAN, BIC, and bank name for the account to receive credits

3. Originator Information: Details of the organization making the payments, including their name, address, and originator ID

4. Payment Details: Information about the expected payments including purpose, frequency, and any reference numbers

5. Authorization Declaration: Formal declaration authorizing the direct credits, with specific SEPA-compliant wording

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

7. Signature Section: Space for date, signature, and capacity of signatory