skip to log on skip to main content
VoiceOver users please use the tab key when navigating expanded menus

Direct debit

Would you like to have payments automatically drawn from your clients' accounts into your business account on a pre-arranged basis? ANZ's Direct Debit service allows you to do this and more.

 

Direct Debit

Would you like to have payments automatically drawn from your client’s accounts into your company’s account on a pre-arranged basis? ANZ’s Direct Debit service allows you to do this and more. You simply lodge a direct debit formatted file with ANZ and your customers’ accounts are debited, then your account is bulk credited.

This service is ideal for any business that receives regular payments from the same debtors. By using the Direct Debit service, you receive your money on time and your customers enjoy an easier and more convenient way of making payments.

Features and benefits

Debtors always pay on time

You no longer have to rely on ‘the cheque in the mail’. Debtors always pay on time and on a date of the user’s choosing (subject to availability of funds). The regular collection of premiums; policies with premiums collected by Direct Debit are also less likely to lapse.

 

Improved Cash flow

You can significantly improve your cash flow because Direct Debit supplies you with a date when funds will be available. The debits can be of variable amounts or frequency to accommodate the customers’ current payment arrangements.

Reduced paperwork and preparation time

You will no longer have outstanding invoices to reconcile and chase. Funds are taken directly from your customer’s account and paid into your company account. This not only means less paperwork but minimises your preparation time and the number of trips to the branch, saving you significant administrative and postage costs and reducing the risk of having cash on your premises.

Want to find out more about ANZ Direct Debit?

1800 801 485

Mon-Fri 8am to 8pm (AEST)

Any advice does not take into account your personal needs and financial circumstances and you should consider whether it is appropriate for you.

ANZ recommends you read the applicable Terms and Conditions and the ANZ Financial Services Guide (PDF 334kB) before acquiring the product.