ACH Direct Debit

The Direct Debit Authorization from Automated Clearing House (ACH) allows you to authorize the Arabi Islami Bank to transfer funds from your account to beneficiaries' accounts, whether they are customers of Arabi Islami Bank or any other local bank. You can also authorize us to debit other customers' accounts and receive payments on your behalf.

What is ACH Direct Debit Authorization?

The ACH Direct Debit system simplifies the process of recurring payments by eliminating the need for checks, individual transfers, or cash deposits. By signing a direct debit form as either the payer or the payee along with the counterparty, payments are automatically processed to debit or credit your Arabi Islami Bank account accordingly. The receiving bank handles the processing, making direct debit a smoother solution for sending your deposits.

• Automated Alternative: It serves as an automated alternative to post-dated checks and cash payments.
• Irrevocable: The payer cannot cancel the authorization without the beneficiary's consent.
• Flexible Scheduling: Start and end dates, total transaction value, and individual transaction value can be set.
• Customizable Debit Frequency: Choose the debit method (daily, weekly, monthly, etc.).

1- Obtain the Form: Print the form here or get it from any of the bank branches (the form is standardized for all banks).

2- Fill Out the Form: Complete the form, taking into account the definitions in the form (payer customer/payer's bank/beneficiary customer/beneficiary's bank).

3- Read the Terms and Conditions: Carefully read the authorization terms and conditions displayed on the form.

4- Sign the Form: Sign the form in the designated areas using your bank-authorized signature.

5- Submit the Form: Hand over the form to the beneficiary.

6- Beneficiary's Role: The beneficiary signs the form in the designated area and submits it to their bank.

7- Processing: Transfers are executed according to the mechanism and debit method specified in the form.