Questions tagged [direct-debit]
The direct-debit tag has no usage guidance.
26
questions
3
votes
0
answers
195
views
Why is account ownership verification required for direct debits in Spain, but not in Germany?
Recently, I have learned that in Spain, it is customary when indicating a bank account number for a direct debit payment1 to also submit a "certificado de titularidad bancaria", a document ...
- 141
1
vote
2
answers
183
views
ACH Direct Debit Blocking (fraud protection, security)
How can I setup a bank account in the US that can receive ACH credits but block all ACH debits?
I have a bank account for my business that has an ACH routing and account number, so that my customers ...
- 208
1
vote
0
answers
137
views
SEPA Direct Debit Blocking in EU (IBAN security)
How can I send an official, legally-binding letter to my EU bank that requires them to block all Direct Debits from my account?
I recently moved to Europe and was shocked to discover that an IBAN ...
- 208
3
votes
2
answers
298
views
Are there any consequences to letting an Amex repayment Direct Debit transfer fail, if a manual repayment is done before the due date?
I don't have enough money in my account to cover a Direct Debit Amex repayment scheduled for today. However, that repayment is set to come out of my account 10 days before the payment due date, by ...
- 31
1
vote
0
answers
71
views
Can a SEPA direct debit be refunded in case of bankruptcy?
Payments via SEPA direct debit (customer to business) can, in normal circumstances, be refunded unconditionally from the client's bank's website for eight weeks after the date of payment. Is this ...
- 111
0
votes
1
answer
52
views
SEPA Debit received after invoice due date
I (a one-person company) use services from another company that invoices me every month with a 15 day payment term.
They also charge me automatically via a SEPA direct debit mandate, but their charges ...
- 128
5
votes
1
answer
54
views
Set a direct debit with an UK bank as a EU citizen moving to UK
My girlfriend (EU resident - Italian) is moving to London for 5 months beginning next Jul for a research placement.
The college where she's staying asked her to pay the rent via Direct Debit at an U.K....
- 467
3
votes
0
answers
74
views
Are there drawbacks to use Direct Debit in France, compared to paying with a credit card?
Amazon started to offer Direct Debit as a way to pay for purchases in France.
Direct Debit itself is a very common way to pay for bills in France (probably the primary one) and is well integrated with ...
- 1,162
2
votes
1
answer
482
views
Direct Debit on Amazon
Recently, I placed an order on Amazon.de and the payment is done via SEPA Direct Debit. When I was paying, I gave my IBAN, SWIFT CODE, and NAME. Later, my money got debited when the order dispatched. ...
- 123
1
vote
1
answer
132
views
Is a bank liable if a trader fails to comply with direct debit indemnity legislation?
Santander have told me that they will not refund any monies collected by direct debit where the amount taken was increased without prior notification. They have spoken to the trader (Sky) who denies ...
- 11
1
vote
3
answers
240
views
When to schedule direct debits to maximise interest
Assuming my debit (current) account pays me interest on the funds that are in the account, my intuition is telling me that it makes sense to schedule direct debits for the day before I'm paid. This ...
-2
votes
1
answer
93
views
Pre-Authorized Direct Debit through online forms
This might be a cross-over between stackoverflow and money.stackexchange but I am wondering about the rules and regs of setting up a Pre-Authorized Direct Debit (PAD) through an online form.
Say I ...
- 101
2
votes
1
answer
225
views
Missed credit card payment
I recently missed a credit card payment because the Direct Debit from my bank bounced. This was because some Visa payments came off before the DD was paid, unfortunately my bank does not have a very ...
0
votes
0
answers
74
views
Is the amount of a pull (from the receiving institution) limited?
User 'DanLynch' defines 'push' and 'pull':
If you do a "push", the money will be removed from the sending account immediately, and will usually arrive in the receiving account in 1 to 3 ...
user10763
0
votes
1
answer
74
views
How should I charge a personal Bank Account for a Business transaction? (UK)
I am currently performing some ongoing work for a Sole Trader, where a monthly Direct Debit has been set up for the monthly fees. The Direct Debit was set up with their Business Account. Upon each ...
- 101
1
vote
1
answer
73
views
What does "Re-registration pending" status means in bank for ECS?
Recently i have provided my BOB account details for LIC ECS. After banking process i got one message from bank site like :
policy no xxxxxxx with amt xxx.xx registered for ECS.
debit date will be ...
- 113
2
votes
2
answers
1k
views
Will direct debit end automatically when loan is paid
If a loan is paid automatically each month through direct debit, will the direct debit stop when the loan reaches zero or will money continue to be withdrawn until the person paying the loan stops the ...
- 1,715
5
votes
1
answer
480
views
The equivalent of the standing order in the internet age for the UK specifically
I have purchased a parking spot in a busy town which I want to rent out for a monthly fee. I have found someone who wants to pay a rent and is happy to have an arrangement indefinitely. When I have ...
- 205
4
votes
1
answer
147
views
Can I max out my LISA with one payment before the end of the tax year?
I was just wondering whether it would be possible to max out my LISA contributions (£4000) just before the end of the tax year (or any other time before the end of the tax year)? Would I still get the ...
- 360
4
votes
2
answers
5k
views
PAYE vs Direct Debit repayment of student loan
I am nearing the end of my repaying my student loan. As standard, repayments are made using HMRC's PAYE system at a fixed, income-dependent rate. However, since HMRC only informs the Student Loans ...
- 71
0
votes
1
answer
473
views
Debit card without address [closed]
I am wondering if there is a way to get a bank account/debit card without an address to send it to. I am wanting to give the cards to people in need and be able to send money to the bank/card when ...
1
vote
2
answers
35k
views
What to use for address and reference on direct debit form?
I've been asked to complete a direct debit form from my HSBC account. Two of the fields are 'Address' and 'Reference', but I haven't got a clue which either should be.
I saw mention that reference ...
2
votes
2
answers
4k
views
You're in Ontario and are setting up Autoload on your Presto fare card. Credit or debit? Which threshold and Autoload values should you pick? And why?
The Presto fare card is a contactless public-transit fare-payment smart card issued in various big cities in Ontario, Canada. These cities include Toronto, Ottawa, and others. You wave the card in ...
0
votes
1
answer
206
views
What is "SEPA-Direct Debit Bulk Core"?
I just noticed that on my German bank account, I received around 15€. Under the transaction description, it only says SEPA-Direct Debit Bulk Core.
Normally, the transaction descriptions for interest ...
- 161
7
votes
3
answers
2k
views
When should I schedule direct debits?
I am going to start a new job soon where I will be go from being paid weekly to monthly.
I have several direct debits that come out of my account all through the month.
I would like to reschedule ...
- 181
17
votes
5
answers
280k
views
How do I make a one of payment to my HSBC credit card bill with a HSBC debit card UK
I need to pay my HSBC credit card bill with a HSBC debit card and I can't transfer money between accounts (it doesn't show up on the list of accounts). When I click on the direct debit details it says ...
- 551