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when-does-a-return-or-unpaid-debit-occur [2015/09/30 09:53] |
when-does-a-return-or-unpaid-debit-occur [2020/06/05 12:41] Schuzelle van Wyk created |
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+ | ====== 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. | ||
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+ | 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. | ||
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+ | When a payment instruction is return “Account Closed or “Payment Stopped” the User may not resubmit the payment instruction. | ||
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+ | Any payment instruction returned as invalid because of system errors or technical errors may be resubmitted after correction. | ||
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+ | Unpaid payment instructions will be returned electronically by the other Banks within four (4) business days after the action date. |