Ways to bank
DebiCheck
DebiCheck enables you to take control of your money, by giving you the power to confirm any new debit orders going off from your bank account. So allowing to you to be Cash Cleva.
DebiCheck
At TymeBank we believe in financial inclusion and independence, it is underpinned in our culture and is why we continue to innovate for all South Africans. That is why we have officially launched DebiCheck.
DebiCheck enables you to take control of your money, by giving you the power to confirm any new debit orders going off from your bank account. So allowing to you to be Cash Cleva.
So, what is DebiCheck?
- DebiCheck allows you to approve debit order details with your bank after you sign a DebiCheck debit order agreement with a company.
- The real benefit is that you will have to authorise the debit order first, and that DebiCheck allows you to do this securely on your mobile phone. This typically happens at the beginning of a new contract, or if you change details such as the payment date or amount for an existing DebiCheck debit order. The benefit is that no one else can automatically load a debit order against your bank account, and this reduces the opportunity for fraud on your account.
- It is important to note that not all companies utilise DebiCheck debit orders yet, so you will not always be have the option for a DebiCheck debit order when you take on new services from a company. To be sure you will be protected against incorrect or fraudulent debit orders, ask the company if their debit order is a DebiCheck debit order.
You must cancel a debit order directly with the company you have the debit order with.
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