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Does RaboDirect allow funds to be withdrawn from my Savings Account by other banks and businesses?

Banks businesses funds rabodirect savings account withdrawn

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No. The RaboDirect Savings Account is not a transactional account therefore we do not allow other banks or businesses to debit your account using electronic direct debits. The only external transfers allowed are to and from your Linked Account (ie the external account you have nominated in the RaboDirect direct debit authority to transfer funds to and from your RaboDirect Account). Please ensure you do not provide your RaboDirect Savings Account details when completing Direct Debit Authorities. Your Linked Account or another transactional account is ideal for this purpose.

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