Preauthorized Debit Form Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Preauthorized Debit Form

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Preauthorized Debit Form

"I need a Preauthorized Debit Form for my Singapore-based telecommunications company to collect monthly subscription fees from customers, with variable payment amounts up to SGD 300 and the ability to adjust rates with 30 days notice."

Document background

The Preauthorized Debit Form is essential for establishing automated payment arrangements in Singapore's banking system. It's commonly used when regular payments need to be made to service providers or creditors. The form, governed by Singapore's Payment Services Act and MAS regulations, includes crucial details such as the account holder's information, bank account details, payment specifications, and explicit authorization for automatic debits. It serves as a formal agreement that protects both the payor and payee while ensuring compliance with local banking and data protection regulations.

Suggested Sections

1. Account Holder Information: Personal/company details of the account holder authorizing the debit, including name, ID/registration number, contact details and address

2. Bank Account Details: Complete banking information for the account to be debited, including bank name, branch, account number and account type

3. Payment Details: Specification of payment amount, frequency, and duration of the authorization

4. Authorization Declaration: Explicit consent statement for the debit arrangement and acknowledgment of terms

5. Data Protection Notice: PDPA-compliant statement about data collection, usage, and processing of personal information

Optional Sections

1. Variable Payment Instructions: Additional section used when payment amounts may vary, specifying maximum debit limits and variation terms

2. Multiple Account Authorization: Optional section when debits may be made from multiple accounts, including details for each account

3. Joint Account Declaration: Additional declaration required when the account has multiple signatories, including all signatories' details

Suggested Schedules

1. Payment Schedule: Detailed breakdown of payment dates and amounts if fixed, including commencement date and end date if applicable

2. Terms and Conditions: Detailed terms governing the direct debit arrangement, including rights and obligations of all parties

3. Cancellation Form: Template form for future cancellation of the direct debit authorization, including notice period requirements

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking and Financial Services
Utilities
Insurance
Telecommunications
Property Management

Relevant Teams

Finance
Accounts
Operations
Compliance
Customer Service

Relevant Roles

Finance Manager
Accounts Receivable Manager
Banking Operations Officer
Compliance Officer
Credit Controller

How a Sales & Marketing Lead uses Genie AI to reduce contract drafting time by 95%

Let's create your Preauthorized Debit Form

Authors

Alex Denne

Find the exact document you need

To Whom It May Concern Authorization Letter

Salary Deduction Form

Parental Consent Letter For Visa Application

Medical Consent Form For Minors

Consent To Disclosure Of Information

Consent Authorization

Authorization Letter To Get Diploma

Authorization Letter To Claim Parcel

Authorization Letter To Claim ATM Card

Authorization Letter To Claim Allowance

Authorization Letter For Visa Collection

Authorization Letter For Legal Purposes

Authorization Letter For Deed Of Sale

Authorization Letter For Cheque

Authorization Letter Credit Card

ACH Payment Form

Consent To Disclose Personal Information

Board Resolution For Authorisation To Represent The Company

Authorisation Letter For Vehicle

Authorisation Letter For Bank

Passport Delivery Authorization Letter

Authorization Letter With Attached ID

Authorization Letter To Process Business Permit

Authorization Letter For Visa Application

Authorization Letter To Sign Agreement On Behalf Of Company

Authorization Letter To Deposit Check

Direct Debit Authorisation Form

Letter To Bank For Change In Authorised Signatory

Authorization For Disclosure Of Information Form

Client Authorisation Form

Collection Authorisation Form

Authorization Letter For Salary

Authorized Representative Verification Letter

Automatic Deposit Form

Authorization For Release Of Information Form

Third Party Authorization Letter

Bank Consent Letter

Authorization Letter For Proof Of Address

Authorization Letter For Payment

Authorization Letter For Check Encashment

Authorization Letter For Getting Money

Authorization Letter For Electric Connection

Authorization Letter For Diploma

Authorization Letter For Affidavit Of Loss

Board Resolution For General Authorisation

Third Party Credit Card Authorization Form

Third Party Authorization Form

Permission Release And Consent Form

Payroll Deduction Form

Tenant Authorization Letter

Payroll Deduction Authorization Form

Signature Authorization Form

Payroll Authorization Form

Return Merchandise Authorization Form

Return Authorization Form

Release Of Authorization Form

Payment Authorization Form

Passport Authorization Form

Recurring ACH Payment Authorization Form

Proxy Letter For Authorization

Property Authorization Letter

Preauthorized Debit Form

Parental Authorization Form

Owner Authorization Form

Overtime Authorization Form

Non Borrower Credit Authorization Form

Minor Authorization Form

Medical Release Form For Minor

Medical Release Form For Adults

Credit Check Consent Form

Credit Card Payment Authorization Form

Credit Card Information Form

Credit Card Authorization Letter For Air Ticket Booking

Credit Card Authorization Form

Credit Bureau Consent Form