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Characteristics of Direct Debits

  • A simple means of paying regular bills without the risk of late or missed payment
  • Some originators may allow you to pick a payment date that suits you
  • Originators must give advance notice of the date and the amount of each direct debit. The advance notice period is generally fourteen days, or in some cases seven days or less if agreed by all parties, before the direct debit is applied
  • Once advance notice is received the originator will collect the funds directly from your bank account on the due date
  • Direct debits are easily identifiable on bank statements
  • Some billers offer incentives to pay by direct debit

 

For further information on direct debits please click on the menu to the left.





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