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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: 2017/04/18 12:28 by Schuzelle van Wyk