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

 

Improve collections

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

It’s efficient

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

Allows for reconciliation

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

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