What are Direct Debits?

Direct Debits are a convenient and automated method for making regular payments directly from your bank account. Here's a breakdown:

  1. Automatic Payments: With Direct Debits, you authorise a service provider, like a utility company or subscription service, to withdraw money from your bank account on specific dates or for specific bills.

  2. Flexible Control: You have control over your Direct Debits and can cancel them or dispute payments if there are errors or issues.

  3. Reduced Hassle: Direct Debits eliminate the need to remember due dates and manually make payments. They ensure that bills are paid on time without your active involvement.

  4. Regulated: Direct Debits are subject to regulations and safeguards to protect consumers, including the ability to request refunds for unauthorised or incorrect withdrawals.