The Debit Authority Letter is a crucial banking instrument in Hong Kong's financial ecosystem, used to establish formal authorization for direct debit arrangements. This document is essential when setting up recurring payments, automated bill payments, or authorized regular transfers from one account to another. It must comply with Hong Kong's Banking Ordinance (Cap. 155) and related banking regulations, requiring specific details about the account holder, beneficiary, payment terms, and authorization limits. The Debit Authority Letter serves as a protective measure for all parties involved, clearly documenting the terms of the authorization and providing a clear audit trail for financial transactions. It's commonly used by businesses and individuals for various purposes, from utility bill payments to loan repayments, and must include all necessary elements to be legally valid within Hong Kong's banking system.
Your data doesn't train Genie's AI
You keep IP ownership聽of your information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
OR
Let tiktok成人版's market-leading legal AI identify missing terms, unusual language, compliance issues and more - in just seconds.
1. Letter Header: Bank's name and address, date, and reference number if applicable
2. Account Holder Details: Full name, address, and contact information of the account holder
3. Account Information: Bank account number, account type, and branch details from which debits will be made
4. Beneficiary Details: Name and details of the party/organization authorized to receive the debits
5. Authorization Statement: Clear statement authorizing the bank to process debits, including the scope of the authorization
6. Maximum Debit Amount: Specification of any maximum amount per transaction, if applicable
7. Duration of Authority: Period for which the authority is valid, including start date and end date if applicable
8. Signature Block: Space for account holder's signature, date, and any witness requirements
1. Multiple Account Details: Additional section when authority covers more than one account
2. Payment Schedule: Details of recurring payment dates and frequencies, if applicable
3. Cancellation Terms: Specific terms for cancelling the authority, if different from standard bank terms
4. Special Instructions: Any specific conditions or instructions for processing the debits
5. Joint Account Declaration: Additional declarations required for joint accounts
6. Foreign Currency Instructions: Special instructions for handling foreign currency transactions if applicable
1. Schedule of Payments: Detailed schedule of payment dates, amounts, and frequencies for recurring payments
2. Additional Account Details: List of all accounts covered by the authority if multiple accounts are involved
3. Authorized Signatories: List of additional authorized signatories if applicable for corporate accounts
4. Terms and Conditions: Bank's standard terms and conditions for direct debit arrangements
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Insurance
Utilities
Telecommunications
Property Management
Education
Healthcare
Retail
Professional Services
Non-Profit Organizations
Government Services
Corporate Services
Relevant Teams
Finance
Legal
Compliance
Treasury
Accounts Payable
Banking Operations
Administration
Financial Operations
Payment Services
Corporate Secretariat
Relevant Roles
Financial Controller
Treasury Manager
Accounts Payable Manager
Banking Relationship Manager
Finance Director
Company Secretary
Legal Counsel
Compliance Officer
Account Manager
Financial Operations Manager
Banking Operations Officer
Payment Services Manager
Chief Financial Officer
Administrative Manager
Financial Analyst
Find the exact document you need
Direct Credit Authorisation Form
A Hong Kong-compliant banking form that authorizes regular automated credit transfers into a designated bank account.
find out more
Authorization Letter For Senior Citizen To Claim Money
A Hong Kong-compliant legal document authorizing a designated person to claim money from bank accounts on behalf of a senior citizen.
find out more
Authorization Letter For Salary Claim
A Hong Kong law-compliant document authorizing a designated person to collect salary payments on behalf of an employee.
find out more
Authorization Letter For Motorcycle Use
A Hong Kong-compliant authorization letter granting permission to operate a motorcycle, detailing parties involved, usage terms, and duration.
find out more
Authorization Letter For Claiming Cash Assistance
A Hong Kong-governed authorization letter enabling a designated person to collect cash assistance on behalf of a beneficiary.
find out more
Authorization Letter For ATM Card
A Hong Kong-compliant authorization letter granting specified individuals permission to use an account holder's ATM card under defined terms and conditions.
find out more
Authorization Letter To Collect Money
A Hong Kong law-governed letter authorizing a designated person to collect money on behalf of another party, establishing a limited agency relationship for fund collection.
find out more
Authorisation Letter For Vehicle
A Hong Kong-compliant legal document that authorizes a designated person or entity to operate or manage matters related to a specific vehicle under Hong Kong law.
find out more
Third Party Agreement (Construction)
A Hong Kong law-governed agreement between main contractor and third party for construction works, defining responsibilities, scope, and terms.
find out more
Virtual PPA
Hong Kong law-governed Virtual Power Purchase Agreement for renewable energy procurement, structured as a financial derivative with settlement based on price differences.
find out more
Authorization Letter For Money Claim
A Hong Kong law-governed document authorizing a designated person or entity to pursue and collect specific money claims on behalf of the authorizer.
find out more
Authorization Letter For Cav Request
A Hong Kong legal document authorizing an individual or entity to handle Certificate of Authentication and Verification (CAV) processes on behalf of the authorizer through the Hong Kong High Court.
find out more
Credit Card Invoice
A Hong Kong-compliant financial document detailing credit card transactions, fees, and payment obligations for a specific billing period.
find out more
Salary Declaration Letter
A Hong Kong-compliant official letter from an employer confirming an employee's salary and employment details for various administrative and financial purposes.
find out more
Eft Agreement
A Hong Kong law-governed agreement establishing terms and conditions for electronic funds transfer services between financial institutions and their customers.
find out more
Authorization Letter To Claim Scholarship Allowance
A Hong Kong-compliant authorization letter enabling a designated person to claim a scholarship allowance on behalf of a student recipient.
find out more
Authorization Letter For Claiming Cheque
A Hong Kong-compliant legal document authorizing a designated person to collect a specific cheque on behalf of the rightful recipient.
find out more
Resolution By Trustees
A formal document under Hong Kong trust law recording trustees' decisions and deliberations in their capacity as fiduciaries of a trust.
find out more
Authorization Letter To Pick Up Parcel
A Hong Kong-compliant formal letter authorizing a designated person to collect a parcel on behalf of the intended recipient.
find out more
Authorization Letter To Use Credit Card
A Hong Kong-compliant formal letter authorizing a specified party to use the credit card owner's card for defined transactions, subject to local banking and privacy regulations.
find out more
Authorization Agreement
A Hong Kong law-governed agreement that establishes and defines the scope of authority granted by a principal to their authorized representative.
find out more
Online Contract Agreement
A Hong Kong law-governed agreement establishing terms and conditions for online services or digital products, ensuring compliance with local electronic transaction regulations.
find out more
Release Of Guaranty Form
A Hong Kong law-governed document that formally releases a guarantor from their obligations under an existing guarantee agreement.
find out more
Sight Lc And Usance Lc
A Hong Kong law-governed banking instrument that provides payment security in international trade through either immediate (sight) or deferred (usance) payment arrangements.
find out more
Collection Agency Demand Letter
A Hong Kong-compliant formal demand letter from a collection agency to debtors for outstanding payment recovery.
find out more
Return Invoice
A Hong Kong-compliant document that formally records and processes the return of goods or services, including refund details and tax adjustments.
find out more
Delayed Payment Agreement
A Hong Kong law-governed agreement that restructures existing payment obligations between creditor and debtor, establishing new payment terms and conditions.
find out more
Authorization Letter To Claim Allowance
A Hong Kong-compliant legal document authorizing an agent to claim and collect specific allowances or benefits on behalf of the principal.
find out more
Authorization Letter For Legal Purposes
A Hong Kong law-compliant document authorizing an agent to act on behalf of a principal in specified legal matters.
find out more
Authorization Letter For Deed Of Sale
A Hong Kong legal document authorizing a representative to execute a deed of sale on behalf of the principal, subject to Hong Kong property and powers of attorney laws.
find out more
Payroll Confirmation Letter
A Hong Kong-compliant formal document confirming an employee's salary and compensation arrangements, including statutory requirements and payment terms.
find out more
Payout Agreement
A Hong Kong law-governed agreement establishing terms and conditions for financial payouts between parties, including payment details and regulatory compliance requirements.
find out more
Deposit Application Form
A Hong Kong-compliant form for establishing deposit accounts with banks, incorporating HKMA requirements and essential customer information.
find out more
Debit Authority Letter
A Hong Kong-compliant banking document that authorizes a bank to debit funds from a specified account for regular or one-time payment arrangements.
find out more
Consent To Disclose Personal Information
A Hong Kong law-governed consent form for authorized disclosure of personal information, ensuring compliance with PDPO requirements.
find out more
Authorization To Release
A Hong Kong law-governed document authorizing the release of specific information or records from one party to another, ensuring compliance with local privacy laws.
find out more
Passport Authorization Letter For Minor
A Hong Kong-compliant legal document authorizing handling of passport matters for a minor, typically used for passport applications or renewals.
find out more
Letter Of Authorization For Visa Application
A Hong Kong-compliant legal document authorizing a representative to handle visa application processes on behalf of the authorizer.
find out more
Credit Card Debt Settlement Agreement
A Hong Kong law-governed agreement between a financial institution and credit card holder establishing terms for settling outstanding credit card debt.
find out more
Bank Standby Letter Of Credit
A Hong Kong law-governed bank guarantee instrument that provides payment assurance to beneficiaries upon presentation of compliant documents, subject to specified terms and conditions.
find out more
骋别苍颈别鈥檚 Security Promise
Genie is the safest place to draft. Here鈥檚 how we prioritise your privacy and security.
Your documents are private:
We do not train on your data; 骋别苍颈别鈥檚 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)