Personal Banking | Business Banking

Collections

Direct Debit

PayNet Direct Debit Service

PayNet Direct Debit Service is a fund transfer system that allows you as a Payee Corporation to collect periodical payments from your subscribers.

According to the Direct Debit Mandate form executed by your subscribers, the system will debit the customer's Current Account / Saving Account and/or Line of Credit Account maintained with Public Bank or any participating financial institutions in PayNet DDS on a pre-determined basis and credit the proceeds to your account.

This service is operated by Payments Network Malaysia Sdn Bhd (PayNet).

Public Bank Direct Debit Service

Public Bank Direct Debit Service is a fund transfer system that allows you as a Payee Corporation to collect periodical payments from your subscribers.

According to the Direct Debit Mandate form executed by your subscribers, the system will debit the customer’s Current Account / Savings Account and/or Line of Credit Account maintained with Public Bank on a pre-determined basis and credit the proceeds to your account.