What is DebiCheck?
The South African Reserve Bank and the Payments Association of South Africa, have introduced a new initiative called DebiCheck, as a way to help protect South Africans against fraudulent and incorrect debit order authorisations.
We have now also adopted DebiCheck as part of our processes – which we will be gradually introducing to our customers. This simply means that, should you decide to take out a loan with us, we may ask you to authorise your debit order with your bank.
Read more about DebiCheck.