Use our non-authenticated early debit order (NAEDO) service and improve collection of funds from your customers.

 

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Improve collections

Your business collects funds from customers early in the morning soon after the credit run.

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It’s efficient

Processes debit orders on action date and only when there are available funds in the customer’s account.

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Allows for reconciliation

Check which debit orders went or didn't go through and resolve any issues quickly. 

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Reduce cash handling risks 

All funds are collected electronically, with no risk of handling cash on premises.

  • How to get it

    Complete the following documents:

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

    All forms are available at Absa branches.

  • How it works

    • Obtain written or electronic or voice recorded debit order mandates from your customers.
    • Your adviser will assist you with the required file formats.
    • All transactions are processed in the morning 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 NAEDO service is available from Monday to Saturday.
    • We offer NAEDO 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 

Email us at:

contactmerc@absa.co.za