Direct Debit

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    Take greater control of your receivables

Overview

Direct Debit is a timely and flexible collection arrangement that helps you take greater control of your receivables. It debits your customers’ accounts directly with any participating banks in Hong Kong and enables you to collect payments electronically.

  • Direct debit instructions can be submitted via UOB Business Internet Banking Plus (BIBPlus)
  • Upon receiving your instructions, the bank will debit your customers’ accounts on the date specified by you.

Benefits

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Improve cash flow management

With greater control over payment dates, payment amounts and billing cycles, you can be assured of timely payment, thus improving cash flow.

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Strengthen relationships with your customers

Provide your customers with a hassle-free, paperless and cashless payment alternative.

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Save time and effort

Reduce administrative and manual processes involved with cheque and cash collection.

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Enjoy peace of mind

Payments are collected promptly and securely electronically.

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Reconcile your accounts receivables with ease

Detailed reports on successful and rejected collections are available for your reconciliation.

How to Use
  • Debit instructions can be submitted via BIBPlus.
  • Upon receiving your instructions, the bank will debit your customer's accounts on the date specified by you and credit to your account.

Apply Now

Call Us/Fax Us

phone

Please call us at (852) 2910 8888

(Monday to Friday, 9am - 5pm, excluding public holidays) or fax to us at (852) 2910 8899.

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