Our Absa electronic funds transfer (EFT) debit order service helps you to collect funds from accounts of your customers electronically, either within a single bank or across multiple banks.

Improve your collections

All transactions are processed in the evening of the agreed payment date, providing your customers ample time to ensure funds are available in their accounts. 

Greater payment certainty

Our EFT service does online validation of payment details resulting in either immediate rejection or subsequent automated returns made by the beneficiary bank.

Easy reconciliation of your debtor’s book 

You are able to determine which debit orders went through or didn’t go through, allowing to resolve any issues quickly.

Risks of handling cash are reduced 

When you collect funds from customers through Absa EFT you reduce the risks and costs associated with cash handling.

Applying for an Absa EFT service is easy

Complete the following documents:

  • A general registration from (Form 4161)
  • Service registration form (Form 4058)
  • Billing form (Form 3732)

All forms are available online and at Absa branches.

How it works
  • Obtain written or electronic or voice  recorded debit order mandates from your customers
  • Your Absa advisor will assist you with the required file formats
  • All transactions are processed in the evening of the agreed payment date, providing your customers ample time to ensure funds are available in their accounts
  • Multiple collections are reflected as a single entry on your bank statement thereby minimising bank charges
  • The EFT debit order service is available from Monday to Saturday
  • Absa offers EFT debit orders via our online channel as well host to host 

Need more help?

Let one of our consultants assist you.

Call us on:

0860 227 232