DebiCheck definition

DebiCheck means a type of debit order used by Banks in South Africa, which the Payer has to confirm electronically at the start of his agreement with the Merchant or when he wants to change any of the debit order details on his existing agreement with the Merchant;
DebiCheck is a secure debit order payment system that allows a Payerto electronically approve debit order details directly with their bank in favour of the Client.

Related to DebiCheck

  • Check means a draft, other than a documentary draft, payable on demand and drawn on a bank or a cashier's check or teller's check. An instrument may be a check even though it is described on its face by another term, such as “money order”.

  • Debit means a charge or an amount of money somebody must pay. If we debit money to you or debit money to your account, that money is then added to the unpaid balance and the unpaid balance becomes larger. In this case “charge” and “debit” have similar meanings.

  • Police Check means a formal inquiry made to the relevant police authority in each State or Territory and designed to obtain details of an individual’s criminal conviction or a finding of guilt in all places (within and outside Australia) that the Grantee knows the person has resided in;

  • Check 21 means the Check Clearing for the 21st Century Act.

  • E-Check means any check which You authorize the payee to process electronically. For joint accounts, read singular pronouns in the plural.