The ACH Vendor Payment Form is a critical document used in the Nigerian business environment to establish and maintain secure electronic payment relationships between organizations and their vendors. This form, which must comply with Central Bank of Nigeria regulations and guidelines, is essential for businesses looking to streamline their payment processes through the automated clearing house system. It is typically required when setting up new vendor relationships or updating existing payment arrangements, containing detailed sections for vendor information, bank account details, payment parameters, and necessary authorizations. The document ensures compliance with Nigerian banking regulations, anti-money laundering laws, and data protection requirements while facilitating efficient electronic fund transfers.
Your data doesn't train Genie's AI
You keep IP ownership of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let Genie AI's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
Upload your Doc
1. Vendor Information: Basic vendor details including legal business name, registration number, tax ID, and contact information
2. Payment Details: Bank account information including bank name, account number, sort code, and account type
3. Payment Parameters: Specifications for payment processing including maximum payment amounts, frequency, and processing dates
4. Authorization: Formal authorization section with declaration of information accuracy and permission to process payments
5. Bank Verification: Section for bank verification number (BVN) and other required banking verification information as per CBN regulations
6. Compliance Declaration: Declarations regarding anti-money laundering compliance and source of funds verification
1. International Payment Information: Additional information required for international vendors, including SWIFT/BIC codes and correspondent bank details
2. Multiple Account Authorization: Section for vendors requiring payments to multiple accounts, with specific routing instructions
3. Special Instructions: Field for any special payment processing instructions or conditions
4. Tax Status Declaration: Special tax status declarations for tax-exempt organizations or special tax categories
5. Intermediary Bank Details: Section for cases where an intermediary bank is required for payment processing
1. Supporting Documentation Checklist: List of required supporting documents including business registration, tax clearance, and ID documents
2. Bank Account Verification Letter: Template for bank confirmation letter verifying account ownership
3. Signature Authorization Form: Additional form for multiple authorized signatories
4. Payment Terms and Conditions: Detailed terms and conditions governing the ACH payment arrangement
5. Bank Details Change Form: Template for future bank detail modifications
Relevant legal definitions
ACH (Automated Clearing House)
Bank Verification Number (BVN)
Business Day
CBN
Effective Date
Electronic Funds Transfer
Form
NUBAN (Nigerian Uniform Bank Account Number)
Payment Date
Payment Instructions
Payment Parameters
Processing Bank
Receiving Bank
Sort Code
Standing Order
Transaction Fee
Valid Business Registration
Vendor
Vendor Account
Vendor Bank
Working Day
authorized representative
banking hours
beneficiary
designated account
electronic signature
force majeure
payment schedule
processing time
remittance information
settlement date
transaction limit
Bank Verification Number (BVN)
Business Day
CBN
Effective Date
Electronic Funds Transfer
Form
NUBAN (Nigerian Uniform Bank Account Number)
Payment Date
Payment Instructions
Payment Parameters
Processing Bank
Receiving Bank
Sort Code
Standing Order
Transaction Fee
Valid Business Registration
Vendor
Vendor Account
Vendor Bank
Working Day
authorized representative
banking hours
beneficiary
designated account
electronic signature
force majeure
payment schedule
processing time
remittance information
settlement date
transaction limit
Clauses
Authorization and Consent
Payment Terms
Data Protection
Bank Account Details
Processing Instructions
Vendor Information
Compliance and Regulatory
Amendment Procedures
Verification Requirements
Security Measures
Liability
Transaction Limits
Processing Timeline
Termination
Force Majeure
Dispute Resolution
Governing Law
Notices
Confidentiality
Signature Authority
Payment Terms
Data Protection
Bank Account Details
Processing Instructions
Vendor Information
Compliance and Regulatory
Amendment Procedures
Verification Requirements
Security Measures
Liability
Transaction Limits
Processing Timeline
Termination
Force Majeure
Dispute Resolution
Governing Law
Notices
Confidentiality
Signature Authority
Relevant Industries
Banking and Financial Services
Manufacturing
Retail
Technology
Healthcare
Education
Construction
Oil and Gas
Telecommunications
Professional Services
Government and Public Sector
Non-Profit Organizations
Agriculture
Mining
Real Estate
Relevant Teams
Finance
Accounts Payable
Procurement
Treasury
Vendor Management
Compliance
Financial Operations
Payment Operations
Supply Chain
Banking Relations
Relevant Roles
Finance Manager
Accounts Payable Manager
Procurement Manager
Financial Controller
Treasury Manager
Vendor Management Specialist
Compliance Officer
Chief Financial Officer
Accounts Payable Clerk
Finance Director
Procurement Officer
Payment Operations Manager
Vendor Relations Coordinator
Banking Relations Manager
Find the exact document you need
Brand Authorisation Letter
A formal document under Nigerian law that authorizes specific usage of a brand or trademark, establishing terms and conditions for brand representation in the Nigerian market.
find out more
Authorization Letter With Notary
A legally binding notarized authorization document under Nigerian law that delegates specific powers from one party to another.
find out more
Authorization Letter To Use Motorcycle
A Nigerian legal document granting permission to operate a specific motorcycle, outlining usage terms and conditions under Nigerian law.
find out more
Authorization Letter To Receive Parcel
A Nigerian legal document authorizing a designated person to collect a parcel on behalf of the intended recipient, in compliance with Nigerian postal regulations.
find out more
Authorization Letter To Bank To Collect ATM Card
A formal Nigerian banking document authorizing a designated person to collect an ATM card on behalf of the account holder, compliant with CBN regulations.
find out more
Authorization For Release Of Protected Health Information
A Nigerian-law compliant authorization form for the release of protected health information between specified parties, ensuring patient privacy rights and regulatory compliance.
find out more
Letter To Bank For Change In Authorised Signatory
A formal notification to banks in Nigeria requesting changes to authorized signatories on company bank accounts, including necessary supporting documentation and regulatory compliance elements.
find out more
Client Authorisation Form
A Nigerian law-compliant document that formally authorizes a representative to act on behalf of a client, including scope of authority and authentication requirements.
find out more
Authorization Letter For Claiming Pension
A Nigerian legal document authorizing a designated individual to collect pension benefits on behalf of a pensioner, compliant with the Pension Reform Act 2014.
find out more
Authorization Letter Claiming Money
A Nigerian legal document authorizing a designated individual to collect or withdraw money from a bank account on behalf of the account holder.
find out more
Authorization To Treat A Minor
A Nigerian legal document authorizing medical treatment for minors in the absence of parents/guardians, compliant with local healthcare and child protection laws.
find out more
Authorization Letter For Claiming Salary
A Nigerian-compliant legal document authorizing a designated individual to collect salary on behalf of an employee.
find out more
Eft Agreement
A Nigerian law-governed agreement regulating electronic funds transfer services between financial institutions and their customers, aligned with CBN regulations.
find out more
Borrower's Certification & Authorization
A Nigerian-compliant document containing borrower's certification of loan application information and authorization for verification and information sharing by the lender.
find out more
Authorization For Disclosure Of Health Information Form
A Nigerian-law compliant consent form authorizing healthcare providers to release specified medical information to designated recipients.
find out more
Passport Parent Consent Form
A Nigerian legal document providing parental consent for minor's passport issuance, compliant with Nigerian Immigration Service requirements and child protection laws.
find out more
Approval Permission Letter To Conduct Research
A formal authorization document under Nigerian law granting permission to conduct specific research activities, outlining approved scope, conditions, and compliance requirements.
find out more
Parental Consent Letter For Visa Application
A Nigerian law-compliant formal document providing parental authorization for a minor's visa application and international travel.
find out more
Consent To Disclosure Of Information
A Nigerian law-compliant document establishing consent for information disclosure and use, aligned with NDPR 2019 requirements.
find out more
Authorization Letter For Cheque
A Nigerian legal document authorizing a designated individual to handle specific cheque transactions on behalf of an account holder, compliant with Nigerian banking regulations.
find out more
ACH Payment Form
A Nigerian-compliant form for establishing automated clearing house (ACH) payment arrangements between banks and account holders under CBN regulations.
find out more
Authorization Letter To Get Medical Records
A legal document under Nigerian law authorizing the release of specific medical records from healthcare providers to designated recipients.
find out more
Authorization Of Release Of Unemployment Records Form
A Nigerian legal form authorizing the release of individual unemployment records, compliant with national labor and data protection laws.
find out more
Letter Giving Permission To Discuss Medical Information
A Nigerian-compliant authorization letter allowing specified parties to discuss a patient's medical information with healthcare providers, aligned with NDPR 2019 requirements.
find out more
Authorization Letter To Act On My Behalf
A Nigerian legal document authorizing a designated person to act as representative of the authorizer for specified purposes, compliant with Nigerian agency and contract law.
find out more
Permit Letter Of Authorization
A Nigerian legal document granting specific permissions or authority to act on behalf of an authorizing party, in compliance with Nigerian federal and state regulations.
find out more
Eft Authorization Form
A Nigerian-compliant Electronic Funds Transfer (EFT) Authorization Form enabling secure and regulated electronic fund transfers under CBN guidelines.
find out more
Authorization Letter To Transfer Money To Another Account
A formal Nigerian banking document authorizing the transfer of funds from one account to another, compliant with CBN regulations and banking laws.
find out more
Authorization Letter To Sell Property
A legal document under Nigerian law that authorizes an agent to sell property on behalf of the owner, including specific powers and responsibilities for completing the sale transaction.
find out more
Authorization Letter For Claiming Documents
A Nigerian-compliant legal document authorizing a designated representative to collect or handle specific documents on behalf of the authorizer.
find out more
Authorization For Release Of Information Form
A Nigerian-compliant authorization form for information release, meeting NDPR 2019 requirements and enabling controlled disclosure of personal data.
find out more
Authorization Letter For Transcript Of Records
A formal Nigerian legal document authorizing an educational institution to release a student's academic transcript to a specified recipient.
find out more
Authorization Letter For Bank To Collect Cheque Book
A Nigerian-compliant authorization letter enabling a designated person to collect a cheque book from a bank on behalf of an account holder.
find out more
Authorization Letter For Diploma
A Nigerian legal document authorizing a designated person to collect an academic diploma on behalf of the rightful owner.
find out more
Vendor ACH Form
A Nigerian-compliant authorization form for setting up automated electronic payments to vendors through the ACH system.
find out more
Third Party Release Form
A Nigerian law-governed document that enables the formal release of claims or obligations, extending benefits to third parties while ensuring legal compliance and protection for all involved parties.
find out more
Third Party Authorization Form
A Nigerian law-compliant document that formally authorizes a third party to act on behalf of the authorizing party, with specific powers and limitations.
find out more
Tenant Release And Consent Form
A Nigerian legal document that formally releases a tenant from their lease obligations, ensuring compliance with local property laws while protecting both landlord and tenant interests.
find out more
Tenant Authorization Letter
A Nigerian legal document that authorizes a designated person to act on behalf of a tenant in matters relating to a rental property.
find out more
Permission Release And Consent Form
A Nigerian law-compliant form documenting explicit consent for use of personal information, images, or protected content, aligned with NDPR 2019 requirements.
find out more
Genie’s Security Promise
Genie is the safest place to draft. Here’s how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; Genie’s AI improves independently
All data stored on Genie is private to your organisation
Your documents are protected:
Your documents are protected by ultra-secure 256-bit encryption
We are ISO27001 certified, so your data is secure
Organizational security:
You retain IP ownership of your documents and their information
You have full control over your data and who gets to see it
.png)
.png)