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The Bank Authorization Letter For Direct Deposit is a critical document in the German banking system, used to establish and maintain automated payment arrangements between parties. This document is particularly relevant in employment contexts, pension distributions, and other recurring payment scenarios where regular, automated deposits need to be made into a specified bank account. Under German law, particularly the German Civil Code (BGB) and Payment Services Supervision Act (ZAG), such authorizations must meet specific requirements regarding content, format, and data protection. The letter typically includes the account holder's personal information, detailed banking coordinates (IBAN and BIC), and explicit authorization language. It's designed to comply with both German banking regulations and EU-wide standards, including SEPA requirements and GDPR provisions for handling personal data. This document serves as the foundation for establishing secure, automated financial transactions while protecting the interests of all parties involved.

1. Header Information: Bank's name and address, date, and reference numbers

2. Account Holder Information: Full legal name, address, and contact details of the account holder

3. Bank Account Details: IBAN, BIC/SWIFT code, and account number of the recipient account

4. Authorization Statement: Clear statement authorizing the direct deposit of funds into the specified account

5. Payment Details: Information about the expected deposits (e.g., salary, pension, or other regular payments)

6. Signature Block: Space for account holder's signature, date, and any witness requirements