Account Holders Consent
A simple way to say “yes” to a payment
Account Holders Consent is the explicit permission a person gives so a business or payment provider can move money from their bank account. Think of it as a signed nod that a charge, transfer, or recurring debit is allowed — whether it’s paying a utility bill, settling an invoice, or keeping a subscription running.
Consent can be recorded in several ways: a signed paper form, a checked box in an online checkout, a verified click in an app, or a recorded verbal agreement when regulations allow. The key is that the account owner clearly agreed to the specific action and the business keeps a record of that agreement.
Why it matters in plain terms
Having that permission on file reduces headaches. It lowers the chance of accidental or fraudulent withdrawals, gives merchants proof if a customer disputes a charge, and helps companies follow banking and payments rules. For customers, it means their account is only used when they’ve approved it. For businesses (and tools like Instant Accept), easy capture and storage of consent means smoother billing and fewer chargebacks.
Ready to collect consent the easy way?
Make consent part of your payment flow so customers approve charges with clarity — and you get the record you need.
Related Terms:
- Payment Authorization
- ACH Permission
- Direct Debit Agreement
- Customer Verification
- Transaction Record