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SI 2: SO STANDING INSTRUCTION (SI) AMENDMENT / TERMINATION To: POST Account Services, 2 Change Business Park Crescent, #0705 DBS Asia Hub, Singapore 486029 Please complete form in BLOCK letters in
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What is amendmenttermination of standing instruction?
Amendment/Termination of standing instruction refers to the process of making changes or canceling a previously established standing instruction, which is a directive given by a customer to a financial institution to carry out regular recurring transactions on their behalf.
Who is required to file amendmenttermination of standing instruction?
The customer or account holder who wants to modify or cancel a standing instruction is required to file the amendment/termination request with their financial institution.
How to fill out amendmenttermination of standing instruction?
To fill out an amendment/termination of standing instruction, the customer needs to submit a written request or use the designated form provided by their financial institution. The request should clearly state the details of the existing standing instruction, the changes or cancellation being requested, and any necessary supporting documentation.
What is the purpose of amendmenttermination of standing instruction?
The purpose of amendment/termination of standing instruction is to allow customers to make adjustments or terminate recurring transactions that were previously authorized, ensuring that their financial instructions accurately reflect their current needs and preferences.
What information must be reported on amendmenttermination of standing instruction?
The amendment/termination request should include details such as the account holder's name, account number, existing standing instruction details, the effective date of the change or termination, and any additional information or documentation requested by the financial institution.
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