Direct debit - A procedure under which an organisation to whom a payment is due claims the amount directly from the bank account of its debtor.
A payment system in which the payer authorises the payee to take funds from his bank account.Typical examples are monthly premiums for an insurance policy, or electricity bill payments.
Direct debit : a procedure under which an organisation to whom a payment is due claims the amount directly from the bank account of its debtor.
a payment system in which the payer authorises the payee to take funds from his bank account.typical examples are monthly premiums for an insurance policy, or electricity bill payments.
Direct debit