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The EFT Authorization Form is a critical document used in Indonesia to establish and maintain authorized electronic fund transfers between bank accounts. This document is essential when setting up automatic payments, recurring transfers, or authorized one-time transfers in compliance with Bank Indonesia regulations and the PDP Law 2022. The form collects necessary account holder information, bank details, and specific authorization parameters while ensuring data protection and privacy requirements are met. It serves as a legal record of the account holder's consent for electronic fund transfers and outlines the terms and conditions governing such transfers. The document is designed to meet the requirements of Indonesian banking regulations while providing clear documentation for both financial institutions and account holders.

1. Account Holder Information: Collection of primary account holder details including full legal name, ID number (KTP/passport), contact information, and address as required by Indonesian banking regulations

2. Bank Account Details: Specific banking information including bank name, branch, account number, and account type for both source and destination accounts

3. Transfer Authorization: Clear statement of authorization for electronic fund transfers, including type of transfers authorized (one-time/recurring), maximum amount limits, and frequency if applicable

4. Terms and Conditions: Essential terms governing the EFT authorization including processing timeframes, fees, cancellation rights, and liability provisions in accordance with Indonesian banking laws

5. Privacy Notice: Statement on how personal and financial information will be collected, used, and protected in compliance with Indonesian PDP Law

6. Signature Block: Space for physical or electronic signature, date, and declaration of understanding and agreement to terms