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21/12
2019

Money-Saving 101: What Are the Benefits of Direct Debits?

Money-Saving 101: What Are the Benefits of Direct Debits?

Direct debits have grown in use and functionality over the last several years. But despite their adoption, there are still some apprehensive about turning over withdrawal capabilities to an external party. 

What if they take too much? What if there isn't enough money to cover my debt? In the following article, we'll be covering the various benefits of setting up a direct debit, but first, let's deal with the potential issues.

Who Should Use a Direct Debit? 

We would contend that everyone should use direct debit. But there is the possibility you're not quite ready for it.

To get the most from the benefits, which we'll go over in a bit, let's first see how you're measuring up. Do any of these apply to you? 

Consumers Who Are Financially Sound

Direct debiting requires a certain degree...

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