Direct debit
Direct debit allows individuals and companies to carry out collection procedures. It works through an electronic clearing mechanism. Compensation is carried out through Electronic Cameras.
Direct debit can be done in the following ways:
– Individuals and companies can request direct debit payments through the bank with which they operate.
– The bank can debit the originating account and credit it to the receiving account.
– Banks can settle balances cleared against each other through their accounts at the BCRA.
Direct debit operations can be open or closed. In the open modality, debits can be made between different banks. In the closed modality, debits can only be made between people or companies that use the same bank.
Requirements
• Be payable upon presentation. In other words, direct debit does not allow the use of overdraft funds.
• Have the necessary information for the operation: name and CUIT of the originating account, CBU of the account to be debited; identification and purpose of payment.
• Have authorization from the account holder or authorized person, so that all debits of the same characteristics can be debited from their account. The authorisation is agreed with the client or the originating company or with the receiving entity.
Deadlines
The debits presented have a clearing period of 72 hours.
The account statement issued by the entities to customers or companies where the payments made are detailed serves as proof of payment.
If a customer is attached to a service through automatic debit and is dissatisfied with the amount charged, they can contact the bank (up to 24 hours before the first due date of the invoice) where they have the account or the corresponding service company and request the automatic cancellation of that specific amount (stop debit).
On the other hand, if the debit was made, within the period of 30 calendar days, you have the benefit of requesting the reversal (refund) of the affected amount. The request for reversal must be made to the service company or to the bank where the account is held.