Meaning direct debit
What does direct debit mean? Here you find 26 meanings of the word direct debit. You can also add a definition of direct debit yourself

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direct debit


A payment instrument for the debiting of a payer’s payment account whereby a payment transaction is initiated by the payee on the basis of authorisation given by the payer.
Source: ecb.europa.eu

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direct debit


Upper case.
Source: gov.uk

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direct debit


A procedure under which an organisation to whom a payment is due claims the amount directly from the bank account of its debtor.
Source: apt-finance.com

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direct debit


Regular electronic debiting of payments from a customer's nominated bank/building society cheque or savings account.
Source: homestart.com.au

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direct debit


An instruction to your bank account to pay an amount of money to a specific person or organisation to pay your bills, such as a landlord. The company you owe will request the money directly from the b [..]
Source: thescholarshiphub.org.uk

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direct debit


Regular electronic debiting of payments from a customer’s nominated bank/building society cheque or savings account.
Source: futurefinancial.com.au

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direct debit


an amount debited to a specified account of a customer with the customer’s financial institution, as requested and authorised in writing by that customer, to and in favour of a debit user (or to a third party in its capacity as agent for that named debit user) which is processed through the Bulk Electronic Clearing System.
Source: boq.com.au

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direct debit


A payment collection method that allows loan or service providers to draw money from your bank account on a regular basis.
Source: lifespanfp.com.au

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direct debit


Direct Debit is the method of payments collection by automated clearing houses used where the debtor gives authorization to debit his/her account upon the receipt of an entry issued by a creditor. In [..]
Source: definitions.uslegal.com

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direct debit


A way to make regular payments by giving a company permission to take funds from your account
Source: moneymakesense.co.uk

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direct debit


A pre-authorised debit on the payer's bank account initiated by the recipient (payee).
Source: rba.gov.au

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direct debit


Direct debits are payments that are taken from your bank account when your bill is due. Suppliers usually offer discounts for customers who choose to pay using this option. These discounts can be subs [..]
Source: switcher.ie

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direct debit


Direct debits are regular payments taken directly from your bank account. Because they save on administration costs and ensure bills are paid on time, energy suppliers offer discounts to customers who [..]
Source: uswitch.com

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direct debit


This is a payment method whereby money is taken directly out of your bank to cover your energy bills. This could be on a monthly or quarterly basis. Direct debits with energy companies can either be f [..]
Source: theenergyshop.com

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direct debit


 A customer may instruct his or her bank to authorize an organization (such as a publisher) to collect regular or occasional payments from that customer's bank account as long as the customer has been provided with advance notice of the collection amounts and dates. Common in Europe; still uncommon in the U.S.  
Source: magazine.org

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direct debit


A payment collection method that allows loan or service providers to draw money from your bank account on a regular basis.
Source: moneysmart.gov.au

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direct debit


An amount of money taken from a bank account, set up by the recipient and can vary in amount and exact time that it is taken from an account. Mortgages are usually direct debits.
Source: banking-guide.org.uk

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direct debit


A service that can be set up on your bank account to automatically make regular payments such as mortgage payments, insurance premiums, or credit card payments.
Source: hsbc.ca

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direct debit


is an amount of money you authorise a merchant, such as a retailer or a service provider, to deduct from your deposit account or credit or debit card, to pay for goods or services. A credit or debit card will have a scheme logo on the card, such as Visa or MasterCard. You can set up a direct debit to:
Source: doingittough.info

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direct debit


A direct debit is a transfer of funds from your St.George account drawn under a direct debit request you have given a third party.
Source: stgeorge.com.au

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direct debit


A system for electronic payment, without receipt, of payment orders initiated by the invoicer (debit transfer). Prerequisites are a direct debit authorization from the account holder and the fulfilmen [..]
Source: adiuventia.ch

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direct debit


An arrangement between a person and Medibank where the person authorises Medibank to automatically debit money from their nominated bank account or credit card subject to agreed terms, governed by Med [..]
Source: medibank.com.au

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direct debit


A means of authorizing recurring payments (e.g., loan payment s, insurance premiums) to be drawn on an account.
Source: bankingglossary.bankingonly.com

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direct debit


A direct debit is a transfer of funds from your BankSA account drawn under a direct debit request you have given a third party.
Source: banksa.com.au

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direct debit


An EFT that is initiated by the recipient of the payment. The recipient sends the instructions to the account from which the payment is withdrawn. Pre-authorized instructions must be provided on the a [..]
Source: xe.com

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direct debit


A method of ACH collection used where the debtor gives authorization to debit his or her account upon the receipt of an entry issued by a creditor.
Source: achdirect.com

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