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Get Asb Direct Debit Initiator Form
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How to fill out the ASB Direct Debit Initiator Form online
Completing the ASB Direct Debit Initiator Form online can be a straightforward process with the right guidance. This guide provides a step-by-step overview to help you accurately fill out the form and set up your direct debit services with ASB.
Follow the steps to successfully complete the ASB Direct Debit Initiator Form.
- Click the ‘Get Form’ button to download the ASB Direct Debit Initiator Form and open it in your chosen online editor.
- In the 'Initiator Details' section, input your FastNet Business Client ID, Registered Company or Entity Number if applicable, your Trading Name, Contact Name, Registered Name, Telephone, and Email Address. Indicate the name that should appear on your customers' statements.
- Proceed to the 'Direct Debit Information' section. Indicate whether you are currently an initiator with a different bank, and if yes, provide your current authorisation code. Enter the average estimated number of monthly Direct Debit transactions, and describe your business requirement for initiating Direct Debits. Remember to notify your customers 10 days in advance of each debit.
- Fill out the 'Direct Debit Service Fees' section. Here, you will acknowledge that ASB Direct Debit Service Fees and Dishonour Fees will be deducted from your nominated accounts.
- In the 'Account for Direct Debit Settlement' section, specify the business bank account you wish to use for direct debit payments. Ensure this account is linked to your FastNet Business ID and that you have authorization under FastNet Business Terms and Conditions.
- Complete the 'FastNet Business' section by confirming whether you are set up on FastNet Business.
- Upload your company logo in JPEG format for inclusion on your ASB Smart Debit Authorisation form, if applicable.
- Review and complete the 'Privacy Declaration and Agreement' section. Ensure that all required signatures are provided, including the full name of the authorized signatory and the date.
- Save your changes, and once you are satisfied that the form is complete, download and/or print a copy for your records. You can also share the form with your ASB relationship manager via email at ddinitiators@asb.co.nz.
Start filling out your ASB Direct Debit Initiator Form online today!
A Direct Debit Authority establishes a legally binding contract between you, the Creditor and the Creditor's Bank which comprises of the Creditor accepting payments through the UAEDDS, the Creditor Bank implementing the requests for payments and ourselves for making payments to the Creditor through the UAEDDS.