The Pay on Time payment method consists of the monthly payment of credit installments by automatic debiting of the card account whose reference is entered by you, on our website /en/pay-your-loan. By checking this box you expressly state that you agree to enable the recurrent payment option. Recurrent payment by card represents the possibility that TBIBank to withdraw from your card, at the due date according to your credit agreement, respectively, the repayment schedule, the minimum amounts to be paid related to your credit contract (s). TBIBank will start automatically withdrawing the monthly payment rates starting with the month following the activation of the Direct Debit – Recurring Payment service, therefore for the month of activation the payment will be processed, regardless if it is less or higher than the amount due.
TBIBank will interrogate your account to automatically collect the amounts due for the outstanding installments, as long as you do not exceed 95 days of delay. If you exceed 95 days delay you will have to use another payment method. You can renounce the recurrent payment option at any time by following the procedure below: call the dedicated number in the TBIBank Call Center 021 529 86 00, requesting the cancellation of the recurrent payment option.
Payment of installments to your credit agreement is processed by PayU S.A., which is an independent operator on the data processing. To see details about the data processing performed by PayU S.A., access https://romania.payu.com/declaratie-de-confidentialitate/ Your card details are not processed in any way by TBIBank and will not be stored by PayU, they will be stored only by the institution authorizing the transaction.