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AMREF COOPERATIVE SAVINGS AND CREDIT SOCIETY LTD P.O BOX 1860400100 NAIROBI. Telephone: 0722139585VARIABLE DIRECT DEBIT AUTHORITY FORM Payers Personal DetailsPayers Bank Details:Payers Name: ___The
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How to fill out variable direct debit authority

01
Gather all necessary information such as bank account number, bank name, account holder name, and address.
02
Obtain a direct debit authority form from the relevant organization or financial institution.
03
Fill out the form accurately with the required information.
04
Double-check the information for any errors or missing details.
05
Sign and date the form to authorize the direct debit transactions.
06
Submit the completed form to the organization or financial institution.

Who needs variable direct debit authority?

01
Individuals or businesses who want to automate recurring payments, such as utility bills, loan repayments, subscriptions, etc., may need a variable direct debit authority.
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Variable direct debit authority is a payment method where a customer gives permission to a business or organization to debit varying amounts from their account at different times.
Entities that wish to collect payments from customers through variable direct debits are required to file variable direct debit authority.
Variable direct debit authority forms can typically be completed online or manually by providing the necessary bank account information and authorization.
The purpose of variable direct debit authority is to streamline the payment process for both businesses and customers, allowing for flexible and automatic payments.
Variable direct debit authority forms typically require the customer's bank account information, authorization to debit the account, and details on the varying amounts to be debited.
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