Direct Debit Settlement & Clearance Times

Direct Debit payments are processed at various times throughout the day.

Once a Direct Debit payment has been processed it will appear in your payments list.

Direct Debit payments generally settle 3 Business Days after processing. This can sometimes take longer depending on public holidays or weekends that may occur shortly after a debit has been processed. 

 

The delay in crediting your bank account is to allow for any dishonours that may occur to be received and processed. This allows us to deposit cleared funds directly into your account without you needing to cover any dishonours.

Next day settlement is available in some instances for clients processing larger volumes. Special conditions apply for this facility and may require a surety be lodged to cover any dishonours.

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