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Direct debits

A direct debit is a regular payment agreement between a buyer and a seller. Most, but not all carry a direct debit guarantee. This is a powerful safeguard for customers in case of incorrect payments under the direct debit scheme. You will find the guarantee in detail on any printed direct debit mandate you are asked to complete.

The buyer agrees a regular payment direct from the bank account to the seller. The seller requests the payment from your bank account. Payments might vary depending on what you agreed with the seller.

Example
You may have an arrangement to pay £16.50 per month to your Gas Company. The transaction will be recorded on your bank statement

Activity: The bank statement will show:
Move your mouse pointer over items to find out what each area means.

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