Enjoy the convenience of collecting from your customers electronically through Direct Collection. Banco Popular electronically debits your customer's accounts at any financial institution that participates in the Automated Clearing House (ACH) network and credits your Banco Popular account for the total of the payments. Consent by both parties and a written authorization from your customer are required. The collections can be for fixed or variable amounts, depending on your business needs and the transactions are conducted on a pre-established date.
For more information about our Collection Services, please contact us at Commercial TeleBank at 787-756-9130 or 1-888-756-9130.
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