EFT Same Day Debit Order (SDDO)

This variant of debit order has all of the same features, pros and cons as the EFT TDDO. However, it allows a debit order to run on the same day that it is loaded.

This is attractive to companies that wish to process a first payment typically on the day of sale (e.g.,gym membership).

EFT SDDO cut-off and processing times:

02:00pm – Files loaded
02:30pm – submission to the banks
07:00pm – Processing