What Is A Direct Debit | A Complete Guide
Finance Matters Finance Matters
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 Published On Jun 23, 2021

In this video we discuss what a Direct Debit is and how it can be set up.
Direct debit is when you give instruction to your bank to allow a third party such as a utility company, to collect varying amounts of payments from your bank account. All this is initiated by the organization with your consent.

There is however a condition that that organization or company should notify you in advance of the amount and date of collection.

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