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What are the minimum requirements for an electronic mandate?
When users’ sign-up new customers the following minimum requirements must be applied for electronic mandates:
Account Number
Type of account
Branch number
Frequency of debit
Abbreviated name on client’s bank statement
Contract reference
Action date
Start and termination date
Beneficiary name
Beneficiary contact details
Amount – Escalation of amount, variable amounts and maximum limits
Electronic signature of account holder
IP Address and location coordinates of each mandate
what-are-the-minimum-requirements-for-an-electronic-mandate.txt · Last modified: 2020/06/05 13:04 by Schuzelle van Wyk