Product Detail

SCBM Supplier Payment automatically pays your company’s suppliers for services and products via electronics transfer. Together with SCBM Business Anywhere*, this provides an efficient payment solution that meets your business requirements.

Highlights

Schedules direct debits from customers’ deposit accounts and instantly deposits payments to your company’s account. You can conveniently review direct debit status online via SCBM Business Anywhere.

Provides payment transfers upon request, accessible online at any time

Facilitates direct debits on an unlimited intra-day basis or on a scheduled basis.

Can choose to charge transaction fee to either your company or recipient(s)

Payers can easily register via SCBM’s electronic payment channels

Provides account alert via e-mail or SMS* though payment via our SCBM Business Anywhere*

Benefits

Convenient

  • Provides transaction data online around the clock via SCBM Business Anywhere* or at SCBM branches during office hours
  • Allows scheduled transfers
  • Provides batch payment instruction

Efficient

  • Reduces administrative cost via automation process

Comprehensive data

  • Provides comprehensive, accurate transaction report, downloadable in either PDF or TXT format, for easy of reconciliation via SCBM Business Anywhere*

Application Form

Application for the Use of Funds Transfer Service

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