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What limitations does the NAEDO debit order have?

Debits may be processed against current, certain savings and transmission accounts. Debits to bond and subscription share accounts are not allowed.

A maximum value limit of R30,000 per transaction is in place. The splitting of transactions to avoid the limit restrictions is not permitted.

All NAEDO system instructions must be uniquely identifiable by the Agreement Reference and payment cycle.

All NAEDO payment instructions submitted must have reached their respective mandated action dates.

what-limitations-does-the-naedo-debit-order-have.txt · Last modified: 2020/06/05 12:47 by Schuzelle van Wyk