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CHANGE OF DEBIT ORDER INDIVIDUALS / ENTITYBoutique Collective Investments (RF) (Pty) Ltd administers the BCI unit trusts. It is authorized to do so as a Manager, in terms of the Collective Investment

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How to fill out change of debit order

01

To fill out a change of debit order, follow these steps:

02

Obtain a change of debit order form from your bank or financial institution.

03

Fill in your personal details, such as your name, address, and contact information.

04

Provide your current debit order details, including the name of the company or organization, the reference number, and the amount.

05

Indicate the new debit order details, such as the name of the new company or organization, the reference number, and the new amount.

06

Sign the form and date it.

07

Submit the completed form to your bank or financial institution for processing.

08

Keep a copy of the form for your records.

Who needs change of debit order?

01

Anyone who wishes to change their existing debit order arrangement needs a change of debit order.

02

This may apply to individuals who have switched service providers, moved to a new company or organization, or need to adjust their payment details.

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What is change of debit order?

Change of debit order is a request to modify the details of an existing debit order instruction, such as changing the amount, date or frequency of the debit.

Who is required to file change of debit order?

Anyone with an existing debit order instruction who wishes to make changes to it is required to file a change of debit order.

How to fill out change of debit order?

To fill out a change of debit order, one must complete the required form provided by the bank or financial institution with the updated details of the debit order instruction.

What is the purpose of change of debit order?

The purpose of change of debit order is to ensure that the correct and updated information is used for processing debit orders, reducing the risk of errors or discrepancies.

What information must be reported on change of debit order?

The information that must be reported on a change of debit order includes the account holder's name, account number, the name of the beneficiary, the new debit amount, frequency, and effective date.

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