28

I've only tried this on the UK HSBC website / updated May 2017 After sitting on the phone for about a half hour I got instructions and want to share them to stop anyone else going through the same rigmarole I did. First, you will need: Your Credit Card Number (the long 16 digit one, no spaces, can be found on the dashboard under My accounts) Your Secure ...


12

A standing order is still the right way to do this. Most bank accounts have online access and will let your customer setup the standing order online, without having to fill in a paper form.


7

It is independent of payday and, in order to maximize interest, the debits should happen as late as possible within the payment frame so they are not late. For example, if you have to pay, say, utilities or mortgage or whatever, which relate to the calendar month, it makes most sense to pay them on the last calendar date. It doesn't matter if your payday ...


6

The contribution limits are per year, so you can certainly make them all in a single lump sum at any time you like, including right at the end of the tax year, and you'll still get all the benefits like the government bonus. Of course you'll miss out on the tax-free growth up till that point. Be sure to allow enough time for the payment to go through. If ...


6

That's a reasonable assumption. It's better to be safe than sorry and run the risk of having one or more of your bills not being paid on time. I would ask why you would be concerned about the possibility of a "delay in salary payment", though. If you have reason to suspect your new employer won't be diligent about (or capable of) paying you on time then ...


4

I have never had to fill in a reference number for a Direct Debit, anything like that would always (in my memory) have been pre-populated by the company who wants my money. But the only logical thing I can think is that the company has provided a blank form where you have to fill in all the fields. In this case your Reference must be something so that they ...


4

The best advice (always) is - don't let the due payment fail - there be consequences! Ring the card provider NOW to discuss the situation. Chances are that they will view your call sympathetically and will delay the collection date by the requested period without imposing any penalty (and adjust future collection dates accordingly) to ensure that the payment ...


4

Am I correct in thinking I can safely let the Direct Debit fail, as long as I follow up with manually repaying my balance by the actual due date? Or are there any consequences to letting the Direct Debit fail? Check the terms and conditions. There may be penalty fees charged by the bank if overdraft provisions are triggered. They may also move money from ...


3

One potential downside of scheduling the payments as late as possible is risk of late payments. If you are manually scheduling these payments, you may one day make a mistake and accidentally schedule it too late. Compare the amount of interest you would actually earn by delaying payment against late fees. An extra week or two worth of interest on the amount ...


3

The direct debit is an authority to withdraw money from your account. Depending on how it was set up it may limit how much may be withdrawn, how often and for how long. I haven't seen a direct debit agreement that limits the total that may be withdrawn, but they may exist. A reputable creditor will stop taking your money when they're supposed to, which ...


3

As I thought, there is no tax benefit of paying by PAYE, confirmed today by another customer services advisor at Students Loans Company. The original advisor was talking rubbish!


3

I've just received my first credit card statement from HSBC. All I can say is all the information you need is there. It's really easy to pay off your credit card bill; you just have to read the instructions! Here are the bank account numbers and steps how to set up a standing order (as it was written in my statement). Pay a fixed amount to your HSBC Bank ...


2

Your contract or other Ts and Cs of employment should define the pay date. Normally this would be one of: Last working day of the month Last calendar day of the month In the former case, the payday is always a working day by definition. In the latter case, if the last calendar day is not a working day, the employer would normally pay you earlier to ...


2

I have an Auto load setting of loading for $20 if the value falls below $5. Remember this is a good option because as Presto says it will never allow your card to fall below the threshold value. And also the reload is realtime with no delay. So with this situation even if you travel multiple times on a given day it will never fail and you are also having ...


2

TL;DR: I have five main suggestions. They are in bold, below. The rest is mostly commentary. The Presto system has some quirks. The system has also had problems in the past. 1. Set up Autoload using a credit card. If there are any system foul-ups, this may help to protect you. If you have Autoload-related problems, phone Presto. If they don't help, phone ...


2

I had this discussion with someone at SLC. They were adamant PAYE deductions are made pre-tax yet they were unaware of a tax benefit compared to paying by direct debit. I explained why, if PAYE was pre-tax, there would be a benefit and it seemed new to him. He then spoke to one of his colleagues who was adamant there was no tax benefit to it, but was also ...


2

I think that what happened to you is logically similar to a bounced check. Here is the order of operations: Made direct debit Credit card company accepted payment instantly (this is logically equivalent to receiving a paper check) Credit card company trusts you and assumes the payment will clear and updated your account information Bank account was ...


2

OK, so to answer your actual question: No, there is no way to arrange a Direct Debit without a UK bank account. I've explained in a comment that in her shoes I would contact the college and ask if there is any alternative to Direct Debit for non-UK-account-holders, however you've tried that and were told there is no other option. So, in that case she will ...


2

Yes, they could use your info to pay with Amazon (or every other online shop that accepts it). But thats why you should regulary check you bank account. If there is some money transfer you didn't approve, you need to call your bank and they should be able to fix this for you. At some banks this can be done with a single click in their online banking, where ...


2

The Guarantee covers Direct Debit payments. It cannot be used to address contractual disputes between you and the billing organisation.​ At this point of time it seems more like a contractual dispute between yourself and Sky and not exactly any payment irregularities in the Direct Debit payment. And I find it weird that you are taking this up with the ...


2

it's so much easier to stop payments then have to go asking for your money after a bank has taken it. I have had monthly homeowners payments taken after I sold a property. Took a lot of effort to get my money back. Wish I had taken a few minutes to stop the payments earlier.


1

Are you afraid they are going to terminate the contract with you because they are too incompetent to set the correct date for the direct debit billing? When they didn't withdraw the money on time when they could have done so, then they are the party at fault for the contract being violated. Also, having a longer time for settling a debt is generally ...


1

The account your client uses to pay you is irrelevant to you, and in general you can't know whether an account is business or personal unless they tell you or show you the cheque book or similar. There's no problem with you charging the personal account unless perhaps you suspect they are trying to commit fraud or tax evasion - but that seems unlikely, ...


1

Who should I contact My Bank or LIC ? It generally takes few months for the process to be streamlined. Starting point would be LIC. They are the one's that would hold the mandate and send the debit amount for collection. Your Bank can't tell why the debit has not happened.


1

Debit card, no. Prepaid card, probably; some charities do use that approach to make monthly support payments, including to the homeless. You might want to find and talk to one of those groups to find out how they did it.


1

Reference # usually is found on the bill and she be quoted in full. If you can't clearly tell what the reference number is try calling and having support direct you to it. GL


1

Well, it took some effort to get an explanation from my bank. Turns out that some supermarkets use direct debit as a method of transferring money for purchases payed by so-called "EC" cards here. I was told that for some reason, a supermarket decided to reverse one of such transactions.


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