Banking Superintendency Urges Citibank to Submit Information Concerning Payment of Obligations by Automatic Debit
11 septiembre 2020


On September 8, the Banking Superintendency issued Resolution SB-INCSFPR-2020-0186-C, urging Citibank and 18 other entities to submit the information required to access the “Contribution and Collection of Reconciliation” Web Portal. Access all the documents by clicking here. The entities concerned must send the information required to the following e-mail: [email protected].

This measure is in accordance with the SB’s Circular SB-INCSFPR-2020-0102-C including instructions on implementing the collection of contributions and other outstanding obligations paid using these funds through automatic debit service. The regulations stipulate that entities must submit the following information: 

  • Automatic Debit Authorization Form – This form must be signed by the entity’s legal representative and submit the authorization accepting the terms and conditions of the service.
  • Agreement of responsibility for sending information by electronic means and use of electronic services – This document shall be submitted by the entity’s legal representative of the entity and establishes the identify of the person authorized by the financial entity. COSEDE then creates the user name and password for they/them.
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