Understanding your DebiCheck Mandate

What is DebiCheck Mandate?
DebiCheck mandate is a secure debit order authorization system used by South African banks. It allows you to approve a repayment mandate directly through your banking app or banking channel before funds are disbursed. DebiCheck mandate helps protect customers from unauthorized debit orders and...
Why do I need to authorise a DebiCheck Mandate?
A DebiCheck mandate is required before your credit can be disbursed. When your credit application is approved and you accept a credit offer, Fido will create a DebiCheck mandate linked to your nominated bank account. You will then receive a notification from your bank asking you to authorize th...
How Do I Approve My DebiCheck Mandate?
After accepting your credit offer, you will receive a DebiCheck notification through your banking app or your bank's preferred authentication channel. To complete the process: Open your banking app or banking notification. Review the mandate details. Confirm that the account information...