Direct Debit

	Bangkok Bank > Business Banking > Corporate Banking > Cash Management > Collections
	Direct Debit

		Getting paid on time every month
		Through our Direct Debit service you can receive payments from your customers on time every month.


	What is Direct Debit?
	Direct Debit is an agreement to let the bank deduct money from your customer's account at a fixed date on a regular basis - usually monthly - and then transfer the amount to your company's account.


	Getting started
	First, prepare an agreement for your customers to sign in giving their permission to have their accounts deducted on fixed payment date every month. Our marketing staff can give you a guide on how to prepare such an agreement. The deduction can be for a fixed or variable amount, depending on the kind of service you provide. Every month your customers will receive an invoice from your company informing them about their monthly bill and the payment. Funds will be deducted from their accounts on the agreed payment date and transferred to your company's account on the same day.

	How do I check who's paid?
	All collections - successful or unsuccessful - will be itemized on the report we prepare for you. Collection results can be obtained electronically on the payment date if you subscribe to our on-line banking service. Otherwise, you can receive a hard-copy showing the collection results from your home branch on the next working day.

	Is Direct Debit right for me?
	Our Direct Debit service is most useful for companies that receive payments on a regular basis from individuals or other companies. Such businesses include: securities companies, insurance companies, sport clubs, fitness centers, hire-purchase companies, pager-service providers, mobile-phone service providers, and credit-card companies.

	Make the most of these benefits
	Bangkok Bank�s Direct Debit service enables you to save time and money. You will always receive your payments for the correct amount, on time, provided your customers have sufficient funds in their accounts. You will be able to monitor your cash flow more easily as you will know in advance when the payment will coming in. You will be able to tailor the payment schedule to suit the requirements of your business. Our security system means that you can be confident your data will arrive safely and be kept secure. For more information, please contact our Cash Management Specialists on (66) 0-2626-4188-9 or Fax (66) 0-626-4062

For more information please contact a Relationship Manager at one of our Business Centers.

Alternatively you can dial (66) 0-2626-4198-9.

When will the service be ready?

It depends on how soon we receive payment agreements from your customers. Once we have your documents and their written permission we can get the service ready for you in one to two weeks.

Bill Payments
Bill Collector
Office Banking
Telefax
Payroll Services


Copyright © 2001 Bangkok Bank Public Company Limited.All rights reserved. Privacy Statement \| Terms and Conditions