Let's Chat

Check our latest news!

20/09
2019

How Direct Debit and Subscription Payments Can Help You Manage Money

How Direct Debit and Subscription Payments Can Help You Manage Money

Imagine having your own financial manager who is able to ensure all your monthly payments are paid in full and on time. Welcome to the world of direct debit payments.  

Paying in this way is easy, efficient, and secure. It might also save you a few quid and help you to manage your money. That means you'll always know exactly how much you have in the bank. Here's how it all works.

Setting up a Direct Debit

A direct debit instruction tells your bank to allow a company to take money from your account. 

The organisation is then able to dip into your account and take whatever you owe them. The process is though very well controlled and safe.

Companies are, for example, obliged to tell you in advance how much they will be taking from you, when they'll be taking it and how often.

The company collecting the payments will normally ask you to fill in a form. You would then sign this and send the form back to them. You can also set up direct...

Please sign in to read the full article Login Now