Direct debit: Difference between revisions
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* [[Standing order]] | * [[Standing order]] | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[Request to Pay]] | |||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 12:16, 24 December 2019
A pre-authorised debit on the payor’s bank account initiated by the payee (beneficiary).
Direct debits are direct bank-to-bank transactions.
