South Africa
Debit order collections
Maximise collections and minimise admin with effective, automated solutions for less risk and improved cash flow.
Some of the benefits
Hassle-free
Set up simple, quick, secure and cost-effective ways for customers to pay you
Less risk
Improve the accuracy of your data with account validation and verification
Competitive fees
Pay competitive transaction fees on a range of flexible submission options
Online reports
Keep track of current and previous debtors’ payments with historical data
What we offer
- Normal debit orders
Collect money from your customer’s accounts with their consent - Same-day debit orders
Ensure your account is debited on the same day the collection is processed - Pre-format (pre-loaded)
Store customer details on our mainframe for recurring debit orders - Free format (once-off)
Enter customer details when the transaction is captured online or imported - Dated debit orders
Target larger volume batches with future-dated action on the date you specify - Prioritised debit orders
Set non-authenticated debit orders to go off with salary payments in the morning - Enhanced statements
Use Company Deposit Identifiers and Receipt Reference services for customer recons - MyBills
List as a preloaded beneficiary on online banking without showing your account details
How it works
You must have a mandate from your customers authorising you to collect funds from their bank account.
- Sign up for the service
- You don’t have to buy or install software
- Submit your electronic debit order collection file via Business Online
- For larger volumes, submit via any host-to-host connection
- Processes debit orders to most local banks
- Perform recons with detailed reports of individual collection transactions
- Easily manage and reconcile your debit orders
- Funds are deposited directly into your account
- Funds are immediately available after your batch has cleared
- Your dedicated support team is on hand for queries and problem resolution
How to get it
If you already have a Business Current Account
- Ask your business banker to help you
If you don’t
- Send us an email
- Or speak to us at your nearest branch
-
What we offer
-
How it works
-
How to get it
- Normal debit orders
Collect money from your customer’s accounts with their consent - Same-day debit orders
Ensure your account is debited on the same day the collection is processed - Pre-format (pre-loaded)
Store customer details on our mainframe for recurring debit orders - Free format (once-off)
Enter customer details when the transaction is captured online or imported - Dated debit orders
Target larger volume batches with future-dated action on the date you specify - Prioritised debit orders
Set non-authenticated debit orders to go off with salary payments in the morning - Enhanced statements
Use Company Deposit Identifiers and Receipt Reference services for customer recons - MyBills
List as a preloaded beneficiary on online banking without showing your account details
You must have a mandate from your customers authorising you to collect funds from their bank account.
- Sign up for the service
- You don’t have to buy or install software
- Submit your electronic debit order collection file via Business Online
- For larger volumes, submit via any host-to-host connection
- Processes debit orders to most local banks
- Perform recons with detailed reports of individual collection transactions
- Easily manage and reconcile your debit orders
- Funds are deposited directly into your account
- Funds are immediately available after your batch has cleared
- Your dedicated support team is on hand for queries and problem resolution
If you already have a Business Current Account
- Ask your business banker to help you
If you don’t
- Send us an email
- Or speak to us at your nearest branch
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