Questions tagged [direct-debit]

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-8 votes
2 answers
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If a European bank keeps debiting illegal account management charges, is there a way to block debits or even enforce a SEPA direct debit charge back? [duplicate]

If a European bank at which you have an account keeps debiting illegal account management charges from said account (e.g. an arbitrary 300% of the amount contractually agreed) and doesn't react to ...
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0 votes
0 answers
76 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 ...
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3 votes
2 answers
142 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 ...
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1 vote
0 answers
66 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 ...
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0 votes
1 answer
49 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 ...
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5 votes
1 answer
53 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....
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  • 467
3 votes
0 answers
67 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 ...
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  • 1,076
1 vote
1 answer
366 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. ...
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1 vote
1 answer
129 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 ...
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1 vote
3 answers
229 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 ...
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-2 votes
1 answer
91 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 ...
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  • 101
2 votes
1 answer
215 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 ...
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0 votes
0 answers
70 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 ...
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0 votes
1 answer
72 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 ...
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  • 101
1 vote
1 answer
66 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 ...
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  • 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 ...
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  • 1,623
5 votes
1 answer
476 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 ...
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4 votes
1 answer
141 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 ...
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  • 360
4 votes
2 answers
4k 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 ...
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0 votes
1 answer
444 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 ...
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1 vote
2 answers
30k 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 ...
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2 votes
2 answers
3k 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 ...
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0 votes
1 answer
199 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 ...
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  • 161
7 votes
3 answers
1k 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 ...
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17 votes
5 answers
275k 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 ...
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  • 551