Direct Debit Authorization Form Template for Austria

The Direct Debit Authorization Form is a critical document used in Austria for establishing automated payment arrangements between parties. It enables creditors to collect payments directly from debtors' bank accounts through the SEPA direct debit scheme. This standardized form must comply with Austrian banking regulations, including the Payment Services Act 2018 (ZaDiG), SEPA requirements, and GDPR provisions. The document is essential for businesses and organizations that process recurring payments or regular collections, providing a secure and efficient method for payment processing while protecting both creditor and debtor interests. It contains detailed identification information, explicit authorization language, and mandated data protection notices, making it suitable for both one-time and recurring payment arrangements within the Austrian banking system.

1. Creditor Information: Identification of the creditor including name, creditor ID, and full address

2. Debtor Information: Space for debtor's full name, address, and contact details

3. Bank Account Details: IBAN and BIC information for the account to be debited

4. Mandate Reference: Unique mandate reference number (to be completed by the creditor)

5. Type of Payment: Specification of whether this is a one-off or recurring payment

6. Authorization Declaration: Standard SEPA mandate text authorizing the creditor and debtor's bank to process direct debits

7. Signature Block: Date, location, and space for debtor's signature