• K-Direct Debit provides information on amounts due from customers that have been credited to your account on the due date. Also, errors and non-payments are noted.
• You can choose whether to pay the transaction fees yourself, or to deduct it from your customers' accounts.
• Instruction files can be submitted to KBank via diskette or direct KBank up-/download channels.
• Your customers can apply for this service easily at any KBank branch or ATM.

Type of Services

One of K-Cash Management Solutions to let you have one less task to worry about. The convenience way in collecting amounts due from your customers by debiting their KBank deposit accounts automatically as agreed upon between you and your customers. Not only does it offer convenience and relieves you of time-consuming procedures in debt collection, K-Direct Debit also permits greater control over your finances. So, K-Direct Debit is a good choice for organizations that regularly collect payments with exact due dates and/or for recurring expenditures such as telephone, cable TV or electricity bills.

 Required Documents

1. Direct Debit Application form.

2. Provide a copy of the instrument for the establishment, article of association or license of establishment.  

3. Copies of your national ID cards or other ID cards bearing photos of each authorized signatory, issued by governmental authorities.

Terms & Conditions

• You and your clients must open deposit accounts with KBank, either Current or Savings.
• Instruction files must be submitted to KBank as agreed.
• To avail yourself of this service, your customers must sign an agreement with KBank consenting KBank to debit their accounts when payments are due. Applications for this service can be completed easily at any KBank branch or via ATM.

For more information, please contact your KBank Relationship Manager (RM), or call our K-BIZ Contact Center 0 2888 8822.