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when-does-a-return-or-unpaid-debit-occur

When does a return or unpaid debit occur?

When a payment instruction is returned Unpaid the User may not resubmit the transaction until the next mandated date.

If a payment instruction is returned “Not provided for” on two consecutive mandated action dates, the User may not resubmit it unless the User has received a new mandate from the payer to meet future payments.

When a payment instruction is return “Account Closed or “Payment Stopped” the User may not resubmit the payment instruction.

Any payment instruction returned as invalid because of system errors or technical errors may be resubmitted after correction.

Unpaid payment instructions will be returned electronically by the other Banks within four (4) business days after the action date.

when-does-a-return-or-unpaid-debit-occur.txt · Last modified: 2020/06/05 12:41 by Schuzelle van Wyk