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what-limitations-does-the-eft-debit-order-have [2017/07/20 11:55]
what-limitations-does-the-eft-debit-order-have [2020/06/05 12:40] (current)
Schuzelle van Wyk created
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 +====== What limitations does the EFT debit order have? ======
 +EFT Debits may be processed against current, certain savings and transmission accounts.
 +EFT Debits to bond and subscription share accounts are not allowed. A maximum value limit of R500,000 per transaction is in place.
 +The splitting of transactions to avoid the limit restrictions is not permitted.
 +Transactions greater or equal to R500,000 Rand will not be permitted and will be homed backed with reason exceeds industry imposed limits.