Auto-Debit Arrangement

The BDO Auto-Debit Arrangement (ADA) lets you simplify the collection process of your receivables. All you have to do is send your collection instructions to BDO. ADA automatically debits the receivables due from your customers' account and credits these to your account. You will be provided a confirmation of processed and rejected transactions to assist you in reconciling your daily collection inflow.

Benefits:

• All transactions are processed electronically
• Your customers need to visit the bank only once to give their authorization for the account enrollment to ADA
• Simplifies and speeds up the collection of your receivables