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  • Direct Credit Facility Form

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DIRECT CREDIT FACILITY FORM Important 1. By signing this form, you confirm that you have read, understood and agree to the authorisations and declarations printed overleaf. 2. This Direct Credit facility.

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Credit facilities are a type of pre-approved loan which allows the borrower to borrow money on an ongoing basis over an extended period of time, rather than applying for a new loan each time the borrower needs more money.

Direct Credit is a type of regular payment where you have given your deposit account details (BSB and account number) to allow an institution to make payments to your account regularly, such as salaries, government payments or dividend payments.

A direct credit is an electronic transfer of funds through the ACH (Automated Clearing House) system. The payment is initiated by the payer, which sends funds directly into the bank account of the payee. Settlement usually occurs within one or two business days.

Types of credit facilities include revolving loan facilities, retail credit facilities (like credit cards), committed facilities, letters of credit, and most retail credit accounts.

A Direct Credit Facility (DCF) allows you to set up a contribution type for contributions made via EFT on your client's Wrap Superannuation account. DCF was formally known as a Direct Deposit Facility.

When you have funds paid directly into any of your Credit Union SA accounts from an external source, this facility is called a 'direct credit'. This could be your salary, for example, or a tax refund, share dividend, superannuation payment, social security payment or a pension.

What's the difference between Direct Debit and Direct Credit? Where Direct Debit is an electronic withdrawal from a customer's account, Direct Credit is an electronic deposit into an account. For example, Direct Debit can be used to take regular gym membership payments automatically from a member's bank account.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232