EBC Has Launched the Direct Debit Service February 21, 2012

EBC has launched the new Direct Debit service in a huge event in the presence of all banks in Egypt in addition to a representative of the Central Banks of Egypt.

Direct Debit is a quick, easy and convenient method of making regular payments (e.g. bills, installments, subscriptions, etc…) without having to visit a bank. Direct Debit is used throughout the world and is acknowledged as one of the most cost effective and efficient methods of processing regular and periodic payments.

What Companies Use the Direct Debit Scheme?

Direct Debits are used for bill collection throughout the world, by insurance, utilities, finance, service suppliers, automobile, and other companies that receive regular and periodic payments. It is generally acknowledged by Originators to be the most cost effective and efficient method of bill collection.