Direct debit: Difference between revisions
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imported>Doug Williamson (Note that direct debits are direct bank-to-bank transactions. Source: ACMF specimen paper Q36.) |
imported>Doug Williamson m (Add category.) |
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* [[Standing order]] | * [[Standing order]] | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
[[Category:Cash_management]] | |||
Revision as of 10:57, 11 April 2018
A pre-authorised debit on the payor’s bank account initiated by the payee (beneficiary).
Direct debits are direct bank-to-bank transactions.
