WesBank gets DebiCheck

WesBank will be one of the first vehicle and asset finance house to implement DebiCheck.

DebiCheck is a specific type of debit order where consumers accept, electronically and on a once-off basis at the start of their contracts, the details of the debit order with a bank before it is processed.

It is a solution to the issue of debit orders being processed to bank accounts without permission. – Own Correspondent