Debit Orders are a convenient way to make contract payments – it provides peace of mind as you don’t have to remember to make payment!!!
Are you banking at one of the follow banks? Then let’s talk DEBICHECK!!!
- ABSA
- Access Bank
- African bank
- Bidvest
- Capitec Bank
- FNB South Africa
- Finbond
- Mercintile Bank
- Nedbank
- Standard Bank SA
- Tyme Bank
- U-Bank
DebiCheck is a new payment platform that has been created to combat fraud in regard to consumer accounts.
It allows you to electronically approve your debit order details. This will prevent fraudulent debit orders from being processed, giving you more control over your finances.
DebiCheck prevents
- Rogue businesses that were randomly debiting accounts with fraudulent transactions; and
- Consumers disputing transactions processed against their accounts, with the aim to manage their cash flow, despite the debits being legitimate.
What is the benefit of DebiCheck?
Your are in Control:
With DebiCheck, you will be in control of what debit orders are processed on your account. This means that, your bank will now know the details of what you have agreed to and will not allow your DebiCheck to be processed outside the terms that you have confirmed.
No more Fraudulent Debit Orders:
Security is the primary benefit of the DebiCheck system. The DebiCheck User receives confirmation of pre-authorised mandates being stored by the bank to reduce the risk of collection of an incorrect or fraudulent debit order.
Instant payment method, no more late payment reminders:
Did you know that that other debit orders clears in the payee’s account 7 days after the money left your account. DebiCheck payments clear instantly – no delays – no worries!!
Important Authorising Tip!!
The bank allows you 2 working days to approve the mandate, the mandate will automatically expire after the time allocated by the bank, a new mandate will have to be initiated by the third party.
For more details and step by step guidance: https://debicheck.co.za/debicheck-home-desktop/
