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what-are-the-minimum-requirements-for-an-electronic-mandate [2019/03/08 11:57]
what-are-the-minimum-requirements-for-an-electronic-mandate [2020/06/05 13:04] (current)
Schuzelle van Wyk created
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 +|< 100% >|
 +^What are the minimum requirements for an electronic mandate?^
 +|< 100% >|
 +^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|