A Direct Debit is an automated payment method that gives someone else – the merchant – authority to withdraw money from your bank account at regular intervals. Direct debits are often for things that require regular payments, like gym memberships, bills, or mortgages.
You can set up as many direct debits as you need and the service is charged the same fees as Faster Payment at Moneff. Please, also note that we can’t prevent a beneficiary bank from applying a fee as the money is received.
Currently, Direct Debits you have set up aren't visible in the Moneff Mobile app. But we are working on it, so that in future you can see Direct Debits you set up in your Mobile App.
This feature is supported in British Pounds only. We offer Direct Debit Payments which allow the beneficiary to collect funds from your Business account. We don’t offer Direct Debit Collection yet so it is not possible for you to collect funds from another account.