The Procedure to Reverse a Debit Order in South Africa Nedbank
Does Nedbank reverse debit orders?
if this is an unauthorized debit order you simply process the debit order reversal on the Nedbank Money App. Simply logon and select your account > go to your debit order list > select the debit order and click on ‘dispute’.
How long does it take to reverse debit order Nedbank?
The change will take three days to become effective, so please contact us well before the debit order date. If you request the change within three days of your old debit order going off, the change will take effect only the following month.
How much does Nedbank charge to reverse a debit order?
Disputed debit order – On Nedbank Internet Banking R5,00. – At a branch or the Nedbank Contact Centre R30,00.
How many days do you have to reverse a debit order?
Your bank will process the debit orders assuming that the collecting party has a valid mandate in place. These debit orders can be reversed immediately if disputed within 40 days.
