What is "billet"
Boleto Bancário represents a collection fee payable in any bank branch of the national territory, homebanking, lottery houses, supermarkets and post offices during the due period. The main characters of the collection relationship through Boleto Bancário are: Banco, Sacado e Cedente.
-Bench: Financial institution responsible for the collection, that is, provided it is previously hired by the Originator, the Bank will receive the payment of the said collection document paid by the Sacado, and will credit the amount paid in the current account of the Originator.
-Balcony: Who pays the bill;
-Transferor: Who issues the collection ie, the one who will receive the amount charged.
-Important: In order to issue a charge through bank slips it is necessary that your current account is properly enabled for collection with your Account Manager.
How it works?
The Originator issues the Boleto and forwards to the Sacado that during the due period will make the payment in the means described above.
Upon receiving the amount paid by the Sacado, the receiving financial institution will forward the said amount to the Bank issuing the collection so that it credits to the Cedante account in the compensation period agreed between the parties.
Therefore, at this time the issuing Bank will debit the collection rate that it agreed with the Originator previously.