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Authorize Acorn Life DAC to debit your account via SEPA Direct Debit Mandate. Understand your rights to refunds and notification details.
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A SEPA Direct Debit Mandate is a document that allows a creditor to collect payments directly from a debtor's bank account within the Single Euro Payments Area (SEPA). It authorizes the creditor to initiate direct debit transactions for specified payments.
Any organization or business that wishes to collect payments from clients or customers through direct debit in the SEPA area is required to obtain and file a SEPA Direct Debit Mandate.
To fill out a SEPA Direct Debit Mandate, you need to provide your name, address, IBAN (International Bank Account Number), BIC (Bank Identifier Code), the creditor's identification, and a signature to authorize the collection of payments.
The purpose of a SEPA Direct Debit Mandate is to facilitate automatic and regular payment collection within the SEPA area, simplifying the payment process for both creditors and debtors.
The information that must be reported on a SEPA Direct Debit Mandate includes the debtor's name and address, IBAN, BIC, creditor's identification, and the signed authorization.
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