One of the key tasks that every locker holder must complete is paying the locker rent and ensuring that it is up to date. Different banks have different cycles for which they collect rent, although most of these collections are usually on an annual basis.
Previously, several banks even collected rents for three years at once. There are times when rent is unpaid on the locker and if this is the case the bank is likely to restrict access until such time as the rent has been settled for past dues or even for the current year. course.
This situation occurs when there is no direct debit from a savings account and the locker rent must be paid separately, which is not taken into account. The best way to remedy this situation is to link it to a savings bank account and provide instructions for automatic debit of the locker rent from the account.
It may also happen that the account balance is not sufficient for the rent and, therefore, the transaction is not finalized. In such a situation, ensuring that the savings account has the necessary balance and paying the rent would ensure that access to the locker is restored.
