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BANK AUU SAVINGS & CREDIT COOPERATIVE SOCIETY LTD Hail Selassie Avenue, P.O. Box 60000 00200, Nairobi, Kenya Tel: 2861376/7/8, and 3962 Fax: 340192/250783 Originator Code: 1210 VARIABLE DIRECT DEBIT

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How to fill out form direct debit authority

01

Step 1: Start by downloading the direct debit authority form from the official website or obtain a physical copy from your bank.

02

Step 2: Carefully read the instructions and guidelines provided with the form to understand the details required for filling it out.

03

Step 3: Begin with providing your personal information, such as your name, address, contact number, and email address.

04

Step 4: Next, enter your bank account details, including the account number and branch name.

05

Step 5: Specify the name of the organization or individual to whom you are authorizing the direct debit.

06

Step 6: Indicate the amount or percentage you wish to authorize for direct debit and the frequency of the debit (e.g., monthly, quarterly).

07

Step 7: Sign and date the form to validate your authorization.

08

Step 8: Make a copy of the filled form for your records and submit the original form to your bank or the authorized organization as per their instructions.

09

Step 9: Keep track of your bank statements to ensure that the authorized direct debits are processed correctly.

Who needs form direct debit authority?

01

Individuals or businesses who want to pay recurring bills or make regular payments automatically can use the direct debit authority form.

02

It is commonly needed by individuals who want to set up automatic bill payments for utilities, subscriptions, insurance premiums, loan repayments, or membership fees.

03

Organizations that require regular payments from customers or clients often request the completion of a direct debit authority form.

04

Small business owners who want to streamline their invoicing and payment processes may also need the form when setting up direct debit options for their customers.

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What is form direct debit authority?

Form direct debit authority is a document that authorizes a third party to withdraw funds directly from a person's bank account.

Who is required to file form direct debit authority?

Any individual or organization that wishes to set up direct debit payments is required to file form direct debit authority.

How to fill out form direct debit authority?

Form direct debit authority can be filled out by providing information such as name, address, bank account details, and the amount to be debited.

What is the purpose of form direct debit authority?

The purpose of form direct debit authority is to authorize a third party to withdraw funds directly from a person's bank account for recurring payments.

What information must be reported on form direct debit authority?

Information such as the person's name, address, bank account details, and the amount to be debited must be reported on form direct debit authority.

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