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Corporate Payment System


1. The following terms and conditions must be read together with the Master Electronic Banking Agreement ('Agreement') and the Manual(s) pertaining to the Corporate Payment System service ('this Service').

2. This Service, which is accessed through a host system, allows the Client to conduct high volumes of electronic payments and/or collections.

3. This Service provides a permanent secure link between the Client's host system and the Bank in the form of a telecommunication leased line.

4. The Client is responsible for the installation and implementation of the relevant telecommunication or network lines to enable this Service and is required to ensure the ongoing availability and functionality of such lines.

5. If the Client elects to use this Service through NBB, the Client is responsible for the authorisation of any batch files to be processed by the Bank.

Summary:

This Service provides a permanent secure link between the Client's host system and the Bank in the form of a telecommunication leased line.

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Account Verification


1. The following terms and conditions must be read together with the Master Electronic Banking Agreement ('Agreement') and the Manual(s) pertaining to the Account Verification service ('this Service').

2. The Account Verification Service is a service through which banking-related information of Bank Clients is verified.

3. For the purposes of these terms and conditions, the following words have the meanings set out below: 'Bank Account Data', with respect to a Bank Client and a client of any Commercial Bank, means the account number(s), name(s) of the accountholder(s), identity number(s) and/or passport number(s) and/or registration number(s) of the accountholder(s), active or inactive status of the Bank Account(s), acceptance of debits and/or credits into the Bank Account(s), dormancy status of the Bank Account(s) and/or number(s) of the branch/branches where the Bank Account(s) is/are held, account type and/or the South African Revenue Service reference number(s) relating to the Bank Account(s). 4. 'Bank Account(s)' means a bank account(s) held at the Bank or at any Commercial Bank.

Summary:

The Account Verification Service is a service through which banking-related information of Bank Clients is verified.

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