What is Remita direct debit?
Direct Debit (DD) is a means of payments that allows an account holder to give permission to another entity (company, lender, etc.) to take money from their...
Tue, 16 Aug, 2022 at 6:34 PM
Who are those entitled to use Remita Direct Debit?
Remita DD is available for all lenders but based on request. To enable Remita DD as a repayment option, please contact 
Tue, 16 Aug, 2022 at 6:34 PM
Can I use direct debit to pay for a loan before it is due date?
No. Remita DD would be activated automatically to manage your repayment on the date the loan is due.
Tue, 16 Aug, 2022 at 6:35 PM
Does using direct debit stop users from being charged from their cards?
Remita DD can be configured with cards to be used as alternate payment methods. Lendsqr will first try to repay an overdue loan with the debit card attached...
Tue, 16 Aug, 2022 at 6:36 PM
How do I as a lender sign up for direct debit?
To activate Remita DD mandate for your business, you would have to make an official request to the sales team ( as your application would...
Tue, 16 Aug, 2022 at 6:37 PM
User’s account gets charged even after the loan is settled with a card or bank transfer.
This happens when a current debit instruction has been sent to the bank to debit the user’s account before the card gets charged. For situations like this, ...
Tue, 16 Aug, 2022 at 6:37 PM
Why are users not able to add their bank accounts for direct debit?
First bank, Stanbic IBTC, and Standard chartered bank are currently not available for Remita DD.
Tue, 16 Aug, 2022 at 6:38 PM
Loan is past due but money is not taken from users’ accounts.
Below are some of the reasons why a user’s loan might be past due but money not taken. User has insufficient funds Users with bank accounts at GTBank and...
Tue, 16 Aug, 2022 at 6:38 PM
Can I use a bank that is outside Nigeria for Remita direct debit?
No, only Nigerian banks supported by Remita can be used for DD at this time. Below is the list of banks supported by Remita. Access Bank Plc  Citibank...
Tue, 16 Aug, 2022 at 6:39 PM
How do I set up loan amount multiple to go to Remita
To set the loan amount multiple for a loan product,  follow the steps below. Login to Pecunia with your admin credentials. Navigate down to t...
Tue, 16 Aug, 2022 at 9:41 PM