Ƶ

Vendor Direct Deposit Form Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5
4.8 / 5

Let's create your Vendor Direct Deposit Form

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Vendor Direct Deposit Form

"Need a Vendor Direct Deposit Form for our Singapore manufacturing company that includes multi-currency payment options and handles both local and international vendor accounts, with special attention to data protection requirements for handling vendor information across borders."

What is a Vendor Direct Deposit Form?

The Vendor Direct Deposit Form serves as a crucial document for establishing secure electronic payment channels between organizations and their vendors in Singapore. This form is essential when transitioning from check payments to electronic transfers or when onboarding new vendors who prefer direct deposit payments. It collects and validates vendor banking information, ensuring compliance with Singapore's financial regulations, including the Payment and Settlement Systems Act and Banking Act. The form typically includes comprehensive vendor details, bank account information, and authorization signatures, facilitating efficient payment processing while maintaining security and regulatory compliance.

What sections should be included in a Vendor Direct Deposit Form?

1. Vendor Information: Legal name, registration number, business address, contact details, tax registration details

2. Bank Account Details: Account holder name, account number, bank name, branch code, branch address

3. Payment Instructions: Default currency, payment frequency, specific payment routing instructions

4. Authorization: Declaration and authorization section including data privacy consent and signature fields

What sections are optional to include in a Vendor Direct Deposit Form?

1. Multiple Account Details: Section for specifying multiple bank accounts for different types of payments or currencies

2. International Banking Details: SWIFT/BIC codes, IBAN, and corresponding bank information for international transfers

3. Special Instructions: Any specific payment routing or handling instructions

What schedules should be included in a Vendor Direct Deposit Form?

1. Bank Account Verification Documents: Schedule listing required bank verification documents such as void check or bank statement

2. Required Supporting Documents: Schedule listing business registration, tax documents, and other required verification documents

3. Authorized Signatories List: Schedule containing list of authorized personnel who can make changes to banking instructions

Authors

Alex Denne

Head of Growth (Open Source Law) @ Ƶ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
























Clauses




















Industries

Payment and Settlement Systems (Finality and Netting) Act 2002: Primary legislation governing electronic fund transfers and ensuring finality of payment transactions in Singapore. Essential for direct deposit arrangements.

Banking Act (Chapter 19): Core banking legislation that regulates banking operations and transactions, including requirements for securing banking information in financial arrangements.

Personal Data Protection Act 2012 (PDPA): Regulates the collection, use, and disclosure of personal data, requiring explicit consent and security measures for handling personal information in vendor forms.

Electronic Transactions Act (Chapter 88): Provides legal framework for electronic transactions and signatures, validating electronic records and digital authorizations in vendor forms.

AML/CFT Regulations: Anti-Money Laundering and Countering the Financing of Terrorism regulations requiring proper vendor identification, verification, and record-keeping procedures.

Companies Act (Chapter 50): Legislation governing corporate entities, relevant for proper business identification and verification requirements in vendor documentation.

MAS Guidelines: Monetary Authority of Singapore guidelines establishing banking security requirements and electronic payment processing standards for financial transactions.

Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

Find the exact document you need

Security Deposit Receipt

A Singaporean legal document acknowledging receipt of security deposits, detailing terms for residential or commercial transactions.

find out more

Security Deposit Invoice

A Singapore legal document for requesting and recording security deposit payments in property and business transactions.

find out more

Rent Deposit Receipt

A Singapore legal document recording a rental security deposit payment, ensuring compliance with local rental regulations.

find out more

Real Estate Deposit Receipt

A Singapore legal document recording a property deposit, outlining terms, and ensuring compliance with property laws.

find out more

Pre Contract Deposit Agreement

A Singapore legal document outlining deposit terms for high-value transactions, ensuring compliance with contractual and property laws.

find out more

Holding Deposit Agreement

A Singapore legal document securing initial property transaction terms and deposit conditions for buyers and sellers.

find out more

Earnest Money Agreement

A Singapore legal document detailing earnest money terms for property transactions, ensuring compliance with local property laws.

find out more

Deposit Receipt

A Singapore legal document detailing deposit payment terms, ensuring compliance and protecting transaction interests.

find out more

Deposit Invoice

A Singapore business document recording advance payments, ensuring compliance with taxation and business regulations.

find out more

Deposit Form

A Singaporean legal document standardizing deposit transactions, ensuring compliance and protecting parties' interests.

find out more

Deposit Contract

A Singapore legal document formalizing deposit arrangements, detailing terms, conditions, and compliance with local legislation.

find out more

Certificate Of Deposit

A Singapore legal document detailing fixed-term deposit agreements, ensuring compliance with MAS regulations for financial institutions.

find out more

Term Deposit Form

A Singapore-compliant form establishing terms for fixed-term deposits between financial institutions and depositors.

find out more

Term Deposit Application Form

A Singapore-compliant application form for establishing term deposit accounts under MAS regulations.

find out more

Request For Return Of Security Deposit Form

A formal request document used in Singapore for the return of security deposits from landlords after lease termination.

find out more

Rental Deposit Agreement Form

A Singapore-compliant agreement establishing terms for rental security deposits between landlord and tenant.

find out more

Recurring Deposit Form

A Singapore-compliant banking form for establishing regular fixed deposits with specified terms and conditions under MAS regulations.

find out more

Paycheck Direct Deposit Form

A Singapore-compliant form authorizing automatic deposit of employee salaries into designated bank accounts.

find out more

Money Deposit Form

A Singapore-compliant form documenting the placement of funds with a financial institution, subject to MAS regulations.

find out more

Letter Of Direct Deposit

A Singapore-compliant authorization document for setting up automatic deposits into a specified bank account.

find out more

Forfeit Deposit Letter

A formal notice under Singapore law declaring the forfeiture of a deposit due to breach of contract or specified conditions.

find out more

Fixed Deposit Receipt

A Singapore-compliant document evidencing a time deposit, specifying amount, interest rate, and maturity terms.

find out more

Fixed Deposit Form

A Singapore-compliant banking document that establishes terms for fixed-term deposits between financial institutions and customers.

find out more

Fixed Deposit Application Form

A Singapore-compliant application form for establishing a fixed deposit account with a financial institution, subject to MAS regulations.

find out more

Fixed Deposit Account Opening Form

A Singapore-compliant banking form for opening fixed deposit accounts, establishing terms between financial institutions and customers under MAS regulations.

find out more

Dispute Security Deposit Deductions Letter

A Singapore-compliant formal letter detailing and justifying security deposit deductions from a tenancy agreement.

find out more

Direct Deposit Form

A Singapore-compliant authorization form for automatic deposit of payments into an employee's bank account.

find out more

Direct Authorization Form

A Singapore-compliant legal document granting specific banking or payment authorizations to financial institutions.

find out more

Car Deposit Form

A Singapore-compliant legal document formalizing vehicle purchase intention through deposit payment and establishing transaction terms.

find out more

Vendor Direct Deposit Form

A Singapore-compliant form that establishes electronic payment arrangements between companies and their vendors through direct deposit.

find out more

Security Deposit Agreement Form

A Singapore-compliant legal document establishing terms for holding and managing security deposits between parties.

find out more

Itemized Security Deposit Deduction Letter

A Singapore-compliant formal letter detailing justified deductions from a tenant's security deposit at lease end.

find out more

Direct Deposit Request Form

A Singapore-compliant form authorizing automatic deposits into a designated bank account.

find out more

Deposit Refund Form

A Singapore-compliant legal document used to request and process the return of deposits, governed by local consumer protection and contract laws.

find out more

Deposit Application Form

A Singapore-compliant legal document for opening deposit accounts with financial institutions, regulated by MAS and the Banking Act.

find out more

Certificate Of Deposit Form

A Singapore-compliant document evidencing a time deposit agreement between a bank and depositor, including terms, conditions, and deposit insurance coverage.

find out more

Cash Deposit Receipt

A legally compliant document issued by Singapore financial institutions acknowledging receipt of cash deposits.

find out more

Standard Direct Deposit Form

A Singapore-compliant form authorizing automatic electronic fund transfers into a designated bank account.

find out more

Security Deposit Release Form

A Singapore-compliant legal document that records the return of a security deposit from landlord to tenant at the end of a lease.

find out more

Vendor Direct Deposit Authorization Form

A Singapore-compliant authorization form enabling automatic electronic payments from organizations to their vendors' bank accounts.

find out more

Earnest Money Deposit Bank Guarantee

A Singapore-law governed bank guarantee securing earnest money deposit obligations in commercial transactions.

find out more

Fixed Deposit Letter

A Singapore-governed banking document confirming fixed deposit terms, amount, and duration between a bank and depositor.

find out more

Payroll Direct Deposit Form

A Singapore-compliant form authorizing automatic deposit of employee salaries into designated bank accounts.

find out more

Bank Deposit Letter

A formal confirmation of deposit terms issued by a Singapore bank, compliant with MAS regulations.

find out more

Direct Credit Authorisation Form

A Singapore-compliant authorization form enabling automated electronic fund transfers directly into designated bank accounts.

find out more

Damage Deposit Form

A Singapore-compliant form documenting security deposit terms between landlord and tenant, including payment, return conditions, and deductions.

find out more

Cash Deposit Form

A Singapore-compliant form for documenting cash deposits into financial institutions, meeting MAS regulatory requirements.

find out more

Direct Payment Form

A Singapore-compliant authorization form for setting up automated regular payments from a bank account to a specified recipient.

find out more

Direct Deposit Enrollment Form

A Singapore-compliant authorization form for setting up automatic deposits into designated bank accounts, adhering to local banking and data protection regulations.

find out more

Check Deposit Form

A Singapore-compliant banking form used to process and record check deposits into bank accounts.

find out more

Rental Deposit Form

A legal document under Singapore law that records and governs the terms of a rental security deposit between landlord and tenant.

find out more

Vehicle Deposit Agreement

A Singapore-compliant legal agreement documenting the terms of a vehicle purchase deposit and protecting both parties' interests.

find out more

Damage Deposit Receipt

A Singapore-compliant legal document acknowledging receipt of a security deposit from tenant to landlord, outlining holding and return conditions.

find out more

Security Deposit Return Letter

A Singapore-compliant formal letter documenting the return of a security deposit from landlord to tenant after lease termination.

find out more

Security Deposit Form

A Singapore-compliant legal document establishing terms and conditions for property rental security deposits between landlords and tenants.

find out more

Security Deposit Demand Letter

A formal document used in Singapore to request the return of a security deposit, governed by local property and contract laws.

find out more

Cash Deposit Agreement

A legally binding agreement under Singapore law governing the terms and conditions of cash deposits between a financial institution and depositor.

find out more

Deposit Release Form

A Singapore-compliant legal document authorizing the release of a deposit from one party to another.

find out more

Rental Deposit Agreement

A Singapore-governed agreement establishing terms for rental deposit management between landlords and tenants.

find out more

Deposit Acknowledgement Receipt

A legally binding receipt document under Singapore law that confirms the payment and receipt of a deposit between parties.

find out more

Vendor ACH Authorization Form

A Singapore-compliant authorization form enabling automated electronic payments between companies and their vendors through the ACH system.

find out more

Bank Direct Deposit Authorization Form

A Singapore-compliant authorization form enabling automatic deposits into a designated bank account, adhering to MAS regulations and PDPA requirements.

find out more

Bank Deposit Form

A Singapore-compliant document used to establish a deposit account relationship between a bank and customer under MAS regulations.

find out more

Direct Deposit Authorization Form

A Singapore-compliant authorization form for setting up automatic electronic fund transfers to bank accounts.

find out more

Direct Debit Authorization Form

A Singapore-compliant authorization form enabling automated payment collection from a designated bank account.

find out more

ACH Direct Deposit Form

A Singapore-compliant form authorizing automatic electronic payment deposits from employer to employee's bank account.

find out more

Download our whitepaper on the future of AI in Legal

By providing your email address you are consenting to our Privacy Notice.
Thank you for downloading our whitepaper. This should arrive in your inbox shortly. In the meantime, why not jump straight to a section that interests you here: /our-research
Oops! Something went wrong while submitting the form.

ұԾ’s Security Promise

Genie is the safest place to draft. Here’s how we prioritise your privacy and security.

Your documents are private:

We do not train on your data; ұԾ’s AI improves independently

All data stored on Genie is private to your organisation

Your documents are protected:

Your documents are protected by ultra-secure 256-bit encryption

Our bank-grade security infrastructure undergoes regular external audits

We are ISO27001 certified, so your data is secure

Organizational security

You retain IP ownership of your documents

You have full control over your data and who gets to see it

Innovation in privacy:

Genie partnered with the Computational Privacy Department at Imperial College London

Together, we ran a £1 million research project on privacy and anonymity in legal contracts

Want to know more?

Visit our for more details and real-time security updates.