Debiting in Real Time (DRT, in Spanish) which was launched in 2005. It is
intended for individuals and juridical persons offering goods or services and
in need of doing some kind of collection from their own bank. The procedure
may be done regardless of the place both parties are geographically speaking,
and of the bank they have their account with.
funds are effectively liquidated on the following working day, the financial
entity confirming the debit operation is responsible, on behalf of its
client, for paying a fee for the transaction once confirmed, thereby ensuring
that funds are received by the party making the collection.
this service, an automatic debiting authorization from the debtor’s cuenta cliente (CC) is
required, so that the operation may be subsequently sent for collection.
must do the procedure to obtain the debiting authorization periodically.
charge for this service depends on the bank where it is done. Each bank has
established its own fees, which may be consulted in the Fees and Charges
section, under "Fees charged by Financial Entities".