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Debit order collections

Debit order collections product detail

Maximise collections and minimise admin with effective, automated solutions for less risk and improved cash flow.

 

 

 

 

Solutions 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
What you get
  • Simple, quick, secure and cost-effective way for customers to pay you 
  • Competitive transaction fees
  • Reduce risk and improve data accuracy with account validation and verification
  • Two-day, same-day, and non-authenticated early debit orders
  • Reports available online
  • Various and flexible submission options 
  • Historical data helps you keep track of current and previous debtors’ payments
  • Dedicated support team for queries and problem resolution
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 
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 you get
  • How it works
  • How to get it
  • Simple, quick, secure and cost-effective way for customers to pay you 
  • Competitive transaction fees
  • Reduce risk and improve data accuracy with account validation and verification
  • Two-day, same-day, and non-authenticated early debit orders
  • Reports available online
  • Various and flexible submission options 
  • Historical data helps you keep track of current and previous debtors’ payments
  • Dedicated support team for queries and problem resolution

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 

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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