It informs about the law that provides for the automatic deduction of funds from the checking account for the payment of the credit line.
What is the automatic payment of the credit line?
Payment of the overdraft line from the checking account will be automatic. That is, as soon as there are funds in the account, they will be immediately transferred to the payment of the credit line associated with the account.
However, the payment of the current debt for non-stipulated credits will be privileged. This occurs when an amount greater than that agreed in the credit line has been drawn. The payment of that overdraft will always take priority.
Can people pay the credit line directly?
Yes, the possibility is established that the credit that has been stipulated can be paid through the direct deposit of credits to said credit, whether it is made by cash at bank branches or through transfers.
Can the client ask the bank not to make the automatic discount to pay the credit line?
Yes, but you must do it expressly and voluntarily. If you wish, you must instruct the Bank that the payment of the credit that has been stipulated for your bank checking account is not made automatically. You can then pay the credit line whenever you want through cash deposits or transfers.
When can the client give this instruction to the bank?
You can do it at any time after the opening of the bank checking account and at any time it remains active. The Bank must keep the face-to-face and remote systems necessary to provide instruction at the disposal of its clients.
Also, if the client wants automatic discounts for the credit line, they can reverse the instruction.
