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Old 01.01.2011, 23:16
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What is "Belastungsermächtigung mit Widerspruchsrecht für LSV/Debit Direct" means?

Hi
Could you please help me what does this means?

We made some changes in paying with my health insurance. And I will take it over now using the LSV.

My health insurance sent me this form with this title: "Belastungsermächtigung mit Widerspruchsrecht für LSV/Debit Direct"

and not really sure what does this means?
I know that my health insurance will take money directly from my account every month for the payment. But what is this Widerspruchsrecht here means?

Would appreciate your help
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Old 01.01.2011, 23:18
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Re: What is "Belastungsermächtigung mit Widerspruchsrecht für LSV/Debit Direct" means

I think it means consent to debit your account automatically for the payments With right to objection.

Similiar to what I have with Sunrise, Cablecom etc.

More on the LSV:

http://www.six-interbank-clearing.co...me_lsv-bdd.htm

A sample by SBB is here.
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Old 01.01.2011, 23:19
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Re: What is "Belastungsermächtigung mit Widerspruchsrecht für LSV/Debit Direct" means

Debit authorization with right of LSV / Direct Debit


or so Google translate says it does
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Old 01.01.2011, 23:23
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Re: What is "Belastungsermächtigung mit Widerspruchsrecht für LSV/Debit Direct" means

LSV usually means "Lastschriftverfahren".
http://dict.leo.org/ende?lp=ende&lan...hriftverfahren
It's very common in Germany, but in Switzerland people seem to prefer invoices.
I've switched most regular payments to e-billing (e-Rechnung). It's almost the same convenience but lacks the automatism.
Plus, I don't get any paper-bills anymore.
Health-insurances seem to insist on LSV though.
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Old 01.01.2011, 23:24
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Re: What is "Belastungsermächtigung mit Widerspruchsrecht für LSV/Debit Direct" means

I translated the "Widerspruch" which means "contradiction"
and "recht" which means "right"

That means contradiction right if you combine the two. It doesn't make sense to me.

This is what I got:
Debit authorization with contradiction right????
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Old 01.01.2011, 23:51
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Re: What is "Belastungsermächtigung mit Widerspruchsrecht für LSV/Debit Direct" means

I think it just means that you can actually stop the money from being deducted from your account (in case they send you a 100k bill because of an IT-failure or whatsoever).
If you search for the exact term in Google, you will find it's some sort of standard wording used by health-insurances and other Swiss businesses that relay on regular payments.
Nothing to worry about, IMO.
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Old 02.01.2011, 00:04
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Re: What is "Belastungsermächtigung mit Widerspruchsrecht für LSV/Debit Direct" means

thanks :-)
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