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Direct debit services
Put your business in control of collecting regular payments from your customers, with direct debit services.
Key features and benefits
Collect regular payments from your customers and clients, without them having to remember to make them.
You control the date and amount of payments.
Add reference fields so you can easily reconcile accounts.
Makes it easier to spot failed payments.
Reduce admin and reconciliation time.
How it works
Direct debit services are ideal for businesses that process a minimum of 250 customer payments a month and already have processes in place for managing customer payments. If you are a smaller business, or need a system to manage your direct debits, we recommend Fetch Recurring Payments.
Eligibility and costs
You need to have a Kiwibank business banking account as well as satisfactory a credit rating and good account conduct. Bulk payment fees apply but costs may vary depending on your requirements. Talk to us to find out more.
Signing up customers
Each of your customers will need to sign a direct debit authority form that authorises you to take money from their account.
Managing your direct debits
You can manage your direct debit transactions through internet banking for business. If you use accounting software, talk to us about uploading files directly into internet banking for business.
Talk to us
If you'd like more information about setting up direct debit services or our other business payment solutions, get in touch with our business banking team.