We would like to advise our suppliers, beneficiaries and other stakeholders that payment for all goods and services, as well funds to buy, build or improve residential property, are now being made by electronic transfer only. This means that all payments, irrespective of the value, will be made directly to the payee’s bank account, instead of by cheque.
To effect the transfers, all suppliers and beneficiaries must fill out the attached Electronic Banking Data Authorization (EBDA) form with the following information:
- the name, telephone number and e-mail address of the payee
- the name and branch of the bank
- the payee’s account number and the type of account (chequeing/savings), and
- the payee’s TRN
Beneficiaries will usually be given this form by their loans officer at the time of interview and so do not need to download the form unless told by the officer, to do so.
Persons/entities who have already submitted an Electronic Banking Data Authorization (EBDA) form, do not need to do so again unless it is their intention to provide a choice of accounts to which payment can be made. In that case, whenever those persons submit a payment request to the NHT they will need to clearly state to which of the accounts they wish the payment to be made.
------------------- UPDATE -------------------
The following updates have been made to the EBDA Form with special considerations to be observed. Please see below a list of important changes that require your attention:
- The format of the document has been adjusted to make it more user friendly.
- The Telephone Number section has been adjusted to include "AREA CODE".
- Email Address section has "the purpose" in bracket. Persons should be encouraged to fill this out whenever possible.
- Branch Name & Code has "Special instructions" in brackets; this is to ensure funds are transferred to the correct accounts.
Please click the link below to download the form.