What is a Direct Deposit or Manual EFT?
Any payment made directly from your bank account, through your internet banking portal/mobile app, is known as a manual EFT or direct deposit. This payment is made outside of the Stitch flow and directly paid to a beneficiary account that's been saved in your online banking portal, which in most cases is the account of the merchant you're looking to pay into.
Disclaimer:
Except otherwise stated with clear and detailed instructions from the merchant, please do not make direct deposit payments from the banking app/internet portal. Instead, always use the merchant's website/app or follow the instructions to make a manual EFT using a payment reference. If you have already made a payment as a direct deposit, please contact the merchant regarding your funds.
Comments
0 comments
Article is closed for comments.