Online Direct Debit

Online Direct Debit

If your business has high volume of regular payment transactions, you can reduce manual processing of payment transactions by using automatic payment of direct debit or standing instructions.

FEATURES AND BENEFITS
  • Link to your desired account of CB Bank for payment
  • A current account holder gives standing instruction to the bank to do business transactions on his/her behalf
  • The following transactions can be made:
    1. Regular payments (for example – life-insurance premium)
    2. Occasional payments (for example – share-premium payment, telephone bill, electricity bill municipal (development affairs committee) taxes.
    3. Inter accounts linking services
    4. Payments for stock, share and foreign currency sale/ purchase and investment.
RATES AND FEES (SUBJECT TO CHANGES)

Bank charge – 500 MMK per payment
REQUIREMENTS

Active CB Bank account