Legal tip of the week:
In respect of the registration of a bond, the bank requires the client to attend to a Debi Check Authentication.
This is part of the bank’s process to notify the client of the debit order that will be going off against the relevant account and aids in the combat against fraud and corruption.
Clients will be sent a notification which they will be required to verify confirming the amount of the debit order relating to the bond repayment and the account from which payment will be deducted.