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ACH Payment Form
I need an ACH Payment Form under Danish law for setting up recurring monthly payments from our business customers, with the first payment starting March 2025, including specific provisions for multiple account authorizations and early termination options.
1. Account Holder Information: Details of the account holder including full name, address, and contact information as required by Danish banking regulations
2. Bank Account Details: Complete banking information including account number, reg. number, and bank name/branch
3. Payment Authorization: Express authorization for ACH debits, including the scope and nature of the authorization
4. Payment Details: Specification of payment amount, frequency, and purpose
5. Terms and Conditions: Standard terms governing the ACH payment arrangement, including rights and obligations under Danish law
6. Cancellation Rights: Information about the right to cancel or modify the authorization, including notice requirements
7. Data Protection Notice: GDPR-compliant privacy notice regarding the handling of personal and financial information
8. Signature Block: Space for date and legally binding signature (whether electronic or physical)
1. International Payment Terms: Additional terms for cross-border payments, required when the payment involves non-Danish bank accounts
2. Business Account Declaration: Additional declarations required when the account holder is a business entity rather than an individual
3. Multiple Account Authorization: Section for authorizing payments from multiple accounts, when needed
4. Direct Debit Guarantee: Additional protections and guarantees for direct debit arrangements, typically included for consumer accounts
5. Representative Authorization: Required when someone other than the account holder is authorized to set up the payment arrangement
1. Payment Schedule: Detailed schedule of payment dates and amounts for recurring payments
2. Fee Schedule: Breakdown of any applicable transaction fees or charges
3. Required Identification Documents: List of required KYC documents as per Danish Money Laundering Act requirements
4. Bank Information Sheet: Additional bank-specific information and requirements for ACH processing
Authors
ACH Payment
Authorization
Banking Day
Bank Account
Beneficiary
Cancellation Notice
Debit Date
Direct Debit
Electronic Funds Transfer
Financial Institution
IBAN
Netbank
NemID/MitID
One-time Payment
Payment Amount
Payment Date
Payment Frequency
Payment Processor
Payment Schedule
Recurring Payment
Reg. Number
SWIFT/BIC Code
Transaction Fee
Valid Business Day
Working Day
Payment Terms
Data Protection
Privacy Notice
Payment Processing
Bank Details
Account Information
Consent
Modification Rights
Cancellation Rights
Fee Schedule
Electronic Authentication
Security Measures
Liability
Force Majeure
Governing Law
Dispute Resolution
Notices
Assignment
Termination Rights
Banking and Financial Services
Retail
Insurance
Utilities
Telecommunications
Professional Services
Real Estate
Healthcare
Education
Subscription Services
E-commerce
Manufacturing
Non-profit Organizations
Finance
Accounts Receivable
Accounts Payable
Treasury
Legal
Compliance
Customer Service
Sales Operations
Administration
Payment Operations
Revenue Operations
Finance Manager
Accounts Receivable Specialist
Accounts Payable Specialist
Treasury Manager
Financial Controller
Billing Coordinator
Payment Operations Manager
Compliance Officer
Legal Counsel
Account Manager
Customer Service Representative
Business Development Manager
Sales Operations Manager
Administrative Officer
Financial Services Representative
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