What is direct debit?
thanks for any help
Answers:
A direct debit is a payment that can be set up to pay a company or person an amount of money for a set period of time.
the company or person will give u a form to fill in ur bank account details and sign and they will arrange the direct debit to be debited from your account every month.
this can be used for many different purposes such as paying off a debt or to pay your mobile phone bill or even for a subscription.
Its really handy and makes life easier so u dont have to remember to pay the company or person every month.
u do have to make sure u have plenty on money in your bank to cover the direct debit as if u dont your bank will charge u
hope this helps! :)
it is an arrangement by you and your bank account to pay a certain company or person a sum of money once a month or once a year
easy and less time consumiong for you
A direct payment that a company can take from your bank every month.
It the same thing as a Automatic Withdrawl, just a play on words. Its were you can have for example your car payment automatically taken out of your checking or savings account so you don't have to worry about remembering to paying on time. A lot of companies as you to set it up with them if you are ever late on your payments.
Hope that is helpful.
This is a guess, OK. but I think that it would be the opposite of direct deposit where you prearrange for a check to be sent to your bank electronically. A direct debit would remove money like for a payment of a bill. So, like instead of writing a check for the gas every other month direct debit would just take the money from your account when the bill comes. Now I am going to check and see what other people said.
Direct Debit automates the process of paying bills that are due on a regular basis. Money is automatically transferred from your account (the debtor) to the creditor's (the person or organization to whom you owe money.
direct debit: the person taking money from you has control over the payments which can vary in amount.
standing order: the bank has control over the payments which remain the same unless you choose to alter the amounts.- this is easier to cancel - you just inform the bank: a direct debit has to be cancelled through the originater - generally you need to inform the bank and the person you are paying money to if you want to cancel it.
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Answers:
A direct debit is a payment that can be set up to pay a company or person an amount of money for a set period of time.
the company or person will give u a form to fill in ur bank account details and sign and they will arrange the direct debit to be debited from your account every month.
this can be used for many different purposes such as paying off a debt or to pay your mobile phone bill or even for a subscription.
Its really handy and makes life easier so u dont have to remember to pay the company or person every month.
u do have to make sure u have plenty on money in your bank to cover the direct debit as if u dont your bank will charge u
hope this helps! :)
it is an arrangement by you and your bank account to pay a certain company or person a sum of money once a month or once a year
easy and less time consumiong for you
A direct payment that a company can take from your bank every month.
It the same thing as a Automatic Withdrawl, just a play on words. Its were you can have for example your car payment automatically taken out of your checking or savings account so you don't have to worry about remembering to paying on time. A lot of companies as you to set it up with them if you are ever late on your payments.
Hope that is helpful.
This is a guess, OK. but I think that it would be the opposite of direct deposit where you prearrange for a check to be sent to your bank electronically. A direct debit would remove money like for a payment of a bill. So, like instead of writing a check for the gas every other month direct debit would just take the money from your account when the bill comes. Now I am going to check and see what other people said.
Direct Debit automates the process of paying bills that are due on a regular basis. Money is automatically transferred from your account (the debtor) to the creditor's (the person or organization to whom you owe money.
direct debit: the person taking money from you has control over the payments which can vary in amount.
standing order: the bank has control over the payments which remain the same unless you choose to alter the amounts.- this is easier to cancel - you just inform the bank: a direct debit has to be cancelled through the originater - generally you need to inform the bank and the person you are paying money to if you want to cancel it.
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