Direct debit: Difference between revisions
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imported>Doug Williamson (Typo correction: ')'.) |
imported>Doug Williamson (Note that direct debits are direct bank-to-bank transactions. Source: ACMF specimen paper Q36.) |
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A pre-authorised debit on the payor’s bank account initiated by the payee (beneficiary). | A pre-authorised debit on the payor’s bank account initiated by the payee (beneficiary). | ||
Direct debits are direct bank-to-bank transactions. | |||
Revision as of 16:34, 10 February 2017
A pre-authorised debit on the payor’s bank account initiated by the payee (beneficiary).
Direct debits are direct bank-to-bank transactions.
