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when_does_a_return_or_unpaid_debit_occur

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when_does_a_return_or_unpaid_debit_occur [2015/09/30 09:53] (current)
Jaco 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.
 +
 +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: 2015/09/30 09:53 by Jaco van Wyk