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The EFT Authorization Form is a critical financial document used in Qatar to establish and maintain electronic fund transfer arrangements between parties. This document is essential when setting up automated payments, recurring transfers, or standing orders within the Qatari banking system. The form must comply with Qatar Central Bank regulations, including Law No. 13 of 2012 and various electronic transaction regulations. It captures crucial information such as account holder details, banking information, transfer parameters, and explicit authorization for electronic transfers. The document is designed to protect both the financial institution and the account holder while ensuring smooth processing of electronic transfers in accordance with Qatar's banking practices and regulatory requirements. The EFT Authorization Form is particularly important in Qatar's increasingly digital banking environment, where electronic transfers have become the preferred method of payment for both businesses and individuals.

1. Account Holder Information: Detailed information about the account holder including full name (in English and Arabic), Qatar ID number, contact details, and address

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

3. Transfer Authorization: Clear authorization language granting permission for electronic funds transfers, including the scope of the authorization

4. Transfer Details: Specification of transfer parameters including maximum amount, frequency, and duration of the authorization

5. Terms and Conditions: Essential terms governing the EFT authorization, including processing timeframes, fees, and modification/cancellation procedures

6. Privacy Notice: Statement regarding the collection, use, and protection of personal data in compliance with Qatar's data protection laws

7. Declaration: Account holder's confirmation of the accuracy of provided information and acceptance of terms

8. Signature Block: Space for account holder's signature, date, and witness signature if required