What is Debicheck and how does it work?

Step 1: Once you’ve accepted your loan quote, your bank will ask you to confirm the debit order information. They’ll do this by messaging you on the cell phone number that they normally use to communicate with you. You’ll need to confirm things like the specific repayment amount and terms – and that you’re giving us permission to debit your account.
Step 2: If everything’s in order, you can electronically confirm the debit order information via your cell phone. But other methods such as your bank app, internet banking, or ATM are also available.
Step 3: With the debit order confirmed, it will be submitted to your bank every month, and your bank will then check against the confirmed debit order information before processing it to your account.

Read more about DebiCheck.