The EFT Authorization Form is a critical document used in the Malaysian banking system to facilitate secure electronic fund transfers between accounts. This form is required whenever an account holder needs to authorize their bank to conduct electronic transfers, whether for single transactions or recurring payments. The document must comply with Malaysian banking regulations, including the Payment Systems Act 2003 and Financial Services Act 2013, while ensuring proper data protection under the PDPA 2010. The form captures essential information such as account holder details, bank account information, transfer specifications, and authorization parameters. It's particularly important for businesses setting up automated payment systems and individuals arranging regular payments or fund transfers.
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. Account Holder Information: Details of the account holder including full name, ID number/passport, contact information, and address as required by PDPA 2010
2. Bank Account Details: Information about the bank account from which funds will be transferred, including bank name, account number, and branch details
3. Authorization Details: Specific authorization granted to initiate EFT transfers, including type of transfers permitted (one-time/recurring), maximum amount limitations, and frequency
4. Payment Information: Details about the payment purpose, recipient information, and any reference numbers or codes
5. Terms and Conditions: Essential terms governing the EFT authorization, including processing timeframes, cancellation procedures, and liability provisions
6. Declaration: Statement confirming the accuracy of information provided and acknowledgment of terms and conditions
7. Signature Block: Space for account holder's signature, date, and witness signature if required
1. Joint Account Authorization: Additional section required when the bank account is jointly held, requiring all account holders' authorization
2. Corporate Authorization: Required for business accounts, including corporate resolution details and authorized signatories
3. International Transfer Details: Additional information required for international transfers, including SWIFT codes and foreign bank details
4. Direct Debit Instructions: Specific instructions for recurring payments or direct debit arrangements
5. Cancellation Rights: Detailed section on the process and rights for canceling the authorization
1. Schedule A - Fee Schedule: Details of any applicable fees for EFT services
2. Appendix 1 - Supporting Documents Checklist: List of required supporting documents such as ID copies, business registration (if applicable)
3. Appendix 2 - Bank's Terms and Conditions: Standard terms and conditions of the bank's EFT services
Authors
Relevant legal definitions
Clauses
Relevant Industries
Banking and Financial Services
Retail
E-commerce
Insurance
Telecommunications
Utilities
Education
Healthcare
Real Estate
Professional Services
Manufacturing
Logistics and Transportation
Relevant Teams
Finance
Accounts Payable
Treasury
Legal
Compliance
Operations
Payroll
Administration
Risk Management
Banking Operations
Relevant Roles
Finance Manager
Accounts Payable Manager
Treasury Manager
Financial Controller
Banking Operations Manager
Compliance Officer
Legal Counsel
Payroll Manager
Account Manager
Business Operations Manager
Chief Financial Officer
Administrative Officer
Company Secretary
Risk Manager
Payment Operations Specialist
Find the exact document you need
Authorisation Form
A Malaysian legal document granting specific powers or permissions from an authorizer to an authorized representative, compliant with Malaysian contract law.
find out more
Motorcycle Authorization Letter
A Malaysian legal document authorizing a specified individual to operate a motorcycle on behalf of the registered owner, in compliance with JPJ requirements.
find out more
Online Credit Card Authorization Form
A Malaysian-compliant Online Credit Card Authorization Form for secure payment processing, meeting local financial and data protection regulations.
find out more
Eft Agreement
A Malaysian law-governed agreement for electronic fund transfer services, establishing terms, conditions, and compliance requirements for electronic payment processing.
find out more
Release Authorization
A Malaysian legal document that grants formal authorization for specific actions or information release, governed by Malaysian contract law and data protection regulations.
find out more
Passport Parent Consent Form
A Malaysian legal document providing parental authorization for a child's passport issuance.
find out more
Authorization Agreement
A Malaysian law-governed agreement that formally delegates specific powers from a Principal to an Agent, defining the scope and terms of authorized actions.
find out more
To Whom It May Concern Authorization Letter
A Malaysian legal document granting authority or verification of rights, used to authorize actions or confirm permissions under Malaysian law.
find out more
Salary Deduction Form
A Malaysian-compliant form authorizing employer-administered salary deductions in accordance with local employment laws.
find out more
Refund Authorization Letter
A Malaysian-compliant formal letter authorizing the processing of a refund between commercial parties, including transaction details and payment instructions.
find out more
General Authorization Letter
A Malaysian legal document granting specific authority from a principal to an authorized person to act on their behalf, compliant with Malaysian Powers of Attorney Act 1949.
find out more
Authorized Signatory Letter
A Malaysian law-compliant document that formally delegates signing authority to specified individuals within an organization, establishing their power to execute documents on the company's behalf.
find out more
Eft Authorization Form
A Malaysian-compliant authorization form for electronic fund transfers, enabling secure and regulated movement of funds between bank accounts.
find out more
Collection Authorisation Form
A Malaysian legal document authorizing an agent or third party to collect funds, documents, or items on behalf of another party.
find out more
Direct Credit Authorisation Form
A Malaysian banking form that authorizes direct credit transfers into a specified bank account, compliant with local banking regulations.
find out more
Apostille Authorization Letter
A Malaysian legal document authorizing an agent to obtain apostille certificates on behalf of the principal, compliant with the Hague Apostille Convention and Malaysian law.
find out more
Automatic Deposit Form
A Malaysian banking form for setting up automatic deposit arrangements, compliant with local financial regulations and Bank Negara Malaysia requirements.
find out more
Authorization For Release Of Information Form
A Malaysian-compliant legal document authorizing the release of specific information from one party to another, subject to data protection laws.
find out more
Sales Authorization Letter
A Malaysian legal document that formally authorizes a party to conduct specific sales activities on behalf of a company or principal, governed by Malaysian commercial law.
find out more
Bank Consent Letter
A Malaysian law-governed authorization letter from an account holder to their bank permitting specific actions or information sharing, in compliance with local banking and privacy regulations.
find out more
Work Authorization Letter
A formal authorization document under Malaysian law that grants specific permission for workers to perform designated tasks or access certain areas within a workplace.
find out more
Third Party Release Form
A Malaysian law-governed document that enables one party to formally release another from specific rights, claims, or obligations.
find out more
Third Party Credit Card Authorization Form
A Malaysian-compliant authorization form allowing cardholders to legally permit third parties to use their credit card under specified conditions.
find out more
Third Party Authorization Form
A Malaysian legal document authorizing a third party to act on behalf of an individual or organization for specified purposes.
find out more
Tenant Release And Consent Form
A Malaysian legal document that terminates a lease agreement and provides mutual release of obligations between landlord and tenant.
find out more
Tenant Authorization Letter
A Malaysian legal document granting specific permissions from a landlord to a tenant, governed by Malaysian property and contract law.
find out more
Permission Release And Consent Form
A Malaysian-compliant legal document establishing explicit authorization and consent between parties for specific actions or permissions, governed by Malaysian law.
find out more
Payroll Direct Deposit Authorization Form
A Malaysian-compliant authorization form for setting up direct deposit of employee compensation into designated bank accounts.
find out more
Payroll Deduction Form
A Malaysian legal document authorizing employer-implemented salary deductions in compliance with local employment laws.
find out more
Tenant Authorization Form
A Malaysian legal document granting formal landlord permission for specific tenant activities or property modifications, governed by Malaysian property law.
find out more
Payroll Deduction Authorization Form
A Malaysian-compliant authorization form for implementing regular salary deductions, aligned with local employment laws.
find out more
Signature Authorization Form
A Malaysian legal document that formally delegates and validates signing authority for an organization or specific purpose, compliant with local corporate and digital signature laws.
find out more
Return Merchandise Authorization Form
A Malaysian-compliant form authorizing and documenting product returns, ensuring adherence to local consumer protection laws while protecting both merchant and customer interests.
find out more
Payroll Authorization Form
A Malaysian-compliant authorization form for processing employee payroll, including salary payments and statutory deductions.
find out more
Return Authorization Form
A Malaysian-compliant form for processing and documenting customer product returns, ensuring adherence to local consumer protection laws while facilitating efficient return management.
find out more
Release Of Records Form
A Malaysian legal document authorizing the release and transfer of specific records or information between parties, compliant with local data protection laws.
find out more
Release Of Information Form
A Malaysian-compliant Release of Information Form authorizing the transfer of personal information between specified parties under PDPA 2010.
find out more
Release Of Authorization Form
A Malaysian legal document granting specific permissions or authority from one party to another, compliant with local data protection and contract laws.
find out more
Payment Authorization Form
A Malaysian-compliant legal document authorizing banks or financial institutions to execute specified payment instructions, incorporating local banking and data protection requirements.
find out more
Property Authorization Letter
A Malaysian legal document authorizing a designated person to act on behalf of a property owner for specified property-related matters.
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)