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I was charged an overdue fee, is this correct?

What happens if a direct debit is dishonoured?

If a direct debit is dishonoured, FundTap will apply an overdue fee. If you know in advance that you cannot meet a direct debit obligation, contact FundTap as early as possible to discuss your options and request a repayment date extension.

What should you do if you cannot meet a direct debit?

Early communication before payments are missed allows FundTap to understand your situation and work with you to reduce additional fees. Take the following steps:

  1. Email info@fundtap.co before the payment due date.
  2. Explain your situation and request a repayment date extension.
  3. Work with FundTap to agree on a revised repayment arrangement.
If you know in advance that you are going to be unable to meet a direct debit obligation, email info@fundtap.co to discuss, and see whether a repayment date can be extended.

FundTap provides invoice finance for small businesses in Australia and New Zealand. Australia: +61 1800 595 505 New Zealand: +64 800 88 33 55 Email: info@fundtap.co Address: 255 Hardy Street, Nelson 7010, New Zealand ABN: 47914654579 NZBN: 9429031726887