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Glossary - Direct Debit
This is a payment by which a customer authorises a debit their Bank account directly for goods/services rendered.
Direct Debit is one of the simplest ways to make regular or occasional payments to any kind of organisation that accept Direct Debit payments. It saves time, is more convenient and gives you greater control over your money.
Over 75% of adults in the UK have at least one Direct Debit and around 100,000 organisations use Direct Debit for collecting a variety of regular and occasional bills including utility payments, insurance, council tax, mortgages, loans and subscriptions.
It is the preferred payment method for over 50% of the UK bill paying population. It offers so many advantages and can also save you money.
Nowadays we all lead increasingly busy lives and paying your bills by Direct Debit will give you one less thing to think about. It's by far the easiest way to pay and it couldn't be simpler.