Document background
The Direct Credit Authorisation Form is a fundamental document in the UK banking system, specifically designed for use in England and Wales. It enables secure and efficient electronic fund transfers by collecting and verifying recipient bank details. This form is essential when setting up new payment arrangements, whether for regular salary payments, supplier payments, or other recurring transfers. It ensures compliance with Payment Services Regulations 2017 and data protection requirements while providing both parties with clear documentation of the payment arrangement.
