DebiCheck will allow you to verify your debit order information and electronically confirm this with your bank when entering into an agreement with a service or credit provider. This means that you will be assured that when you authenticate a debit order, you have signed up for it, approved it and know exactly how much will be debited against your account on a specified date.
WHAT DOES THIS MEAN IF I AM A SERVICE OR CREDIT PROVIDER?
DebiCheck reduces the amount of incorrect – or fraudulent debit orders. Early Debit Orders may now only be processed against the account holders’ account upon approval by the account holder before a service or credit provider may proceed in processing the Debit Order.
THE ACCOUNT HOLDER WILL APPROVE DEBIT ORDERS BY:
- Instant message or SMS
- At his/her Bank’s Contact Centre
- Any Branch or ATM
- A point-of-sale device
- Your banking app on your phone
HERE IS AN EXAMPLE OF HOW DEBICHECK WORKS:
DebiCheck puts you in control of your debit orders and helps you manage your money efficiently.
For additional information, you can also visit PASA’s DebiCheck website for more information.