Direct debit

Set up a direct debit with your council to get the £150 energy bill discount faster

Households eligible for their council’s £150 rebate to offset soaring energy prices will receive the funds faster if they have set up a direct debit, the Local Government Association (LGA) has said. In early February, Chancellor Rishi Sunak announced a package of measures to help households cope with an almost 50% rise in energy bills […]

Direct debit

What is a direct debit?

A direct debit is a way for you to set up an automatic transfer of funds from your bank account to the account of another person or organization. Direct debits can be particularly useful for paying regular commitments such as your energy or internet bill, insurance premiums and telephone bill. Direct debits are also useful […]

Direct debit

Martin Lewis shares important direct debit tips for people with new energy providers

Energy customers received expert advice from Martin Lewis if they have now switched to a new energy supplier. The advice also applies to those who were moved to another energy supplier by Ofgem after their former supplier was placed under administration, reports The DailyRecord. More than 25 energy companies have started up since last September […]

Direct debit

Martin Lewis issues important direct debit notice for households moving to new energy supplier

Money-saving expert Martin Lewis has given crucial advice to energy customers who have been transferred to a new supplier by Ofgem following the administration of their old supplier. More than 25 energy companies have gone bankrupt since last September due to the current global wholesale gas price crisis. When this happens, the energy regulator will […]

Direct debit

Direct Debit based in Dubai facilitates the process of budgeting quarterly and half-yearly payments

Opinions expressed by Contractor the contributors are theirs. You are reading Entrepreneur Middle East, an international franchise of Entrepreneur Media. “Quarterly or semi-annual checks for rent and/or tuition are a huge budget problem for a month-to-month earner.” In this statement, the founder and managing director of the fintech start-up Direct Debit, Ummair Butt, summarizes the […]

Direct debit

Martin Lewis issues direct debit warning to 230,000 customers of disrupted energy suppliers

Martin Lewis used his ITV show tonight to urge all Igloo, Symbio and Enstroga customers to set up direct debit payment with E.on Next by December 3 – or risk paying more Video upload Video unavailable The video will play automatically soon8to cancel Play now Martin Lewis issues urgent warning to E.ON Next customers Martin […]

Direct debit

ClearCourse acquires the Secure Collections debit office

ClearCourse Partnership (“ClearCourse” or “the Group”), a group of innovative technology companies providing useful and integrated software solutions, today announces an agreement to acquire Secure Collections, (“the Company”), a Bacs approved collection office based in Newcastle upon Tyne. Secure Collections will join the Group’s rapidly growing Payments division and strengthen its direct debit offering, ClearDebit. […]

Direct debit

Former Igloo, Symbio or Enstroga customer? Set up your direct debit with the new E.on NOW provider, or you’ll pay too much

E.on Next – which was appointed by the regulator Ofgem to support the 230,000 customers of Igloo, Symbio and Enstroga on Sunday, October 3 – reached out to customers to let them know it was unable to transfer direct debit mandates because he did not receive the necessary information from the defaulting suppliers. While all […]

Direct debit

Home appliance insurance scams are on the rise, which ones? warns

A survey of more than 1,300 Which one? Members noted that nearly a quarter have received unexpected calls about home appliance insurance or extended warranties in the past year. Photo: Getty New research has revealed that cold calling exploits vulnerable people by mis-selling compliance coverage. Who? has found that some victims of these scams have […]

Digital wallets

ECB extends electronic payments oversight to digital wallets and crypto-assets

The European Central Bank has approved a new electronic payments oversight framework that will include coverage for stablecoins and other crypto assets. The new supervisory framework assesses the security and efficiency of electronic payments and will be applied by the ECB to monitor companies allowing or supporting the use of payment cards, wire transfers, direct […]

Direct debit

Havering Council’s decimal point error causes direct debit nightmare

More than 530 people were overcharged by Havering Council due to a misplaced decimal not noticed by staff. The error occurred on July 23 of this year when an update to the board’s accounting system software caused a “decimal issue”. By the time the specimens were processed ten days later, three staff members had not […]

Direct debit

Direct Bank to Bank Transfers (Direct Debit) the Way Forward for Consumers and All Scales on Online Merchants

Have you ever thought about how your customers like to pay? A customer’s payment preference should be an important consideration in any business strategy, but payment systems are often not a priority or come after the fact. Too often companies spend time and resources on everything from product perfection to exceptional customer service, but forget […]

Direct debit

Want to fight waking up? Cancel a direct debit today

My friend Richard updated his will a few weeks ago. He requested the removal of his bequest from a college in Oxford. The lawyer was not surprised. “I’ve had a lot of clients doing the same thing lately,” he said. “These universities are starting to lose a lot of money.” When I asked Richard why […]

Direct debit

Martin Lewis explains if energy companies are allowed to increase direct debit payments

The energy price cap, which sets a limit to the rates you pay for gas and electricity, just increased, leading to higher energy bills for 15 million households – and many will see their payments by direct debit pounce in response Video upload Video unavailable The video will play automatically soon8to cancel Play now Martin […]

Direct debit

Martin Lewis explains what to do if the direct debit of your energy bill goes up

MARTIN Lewis explained what to do if your energy business has increased your direct debit. Some households have found that their monthly energy bill has increased – even when they are in credit. 1 Brits face higher bills this winterCredit: Rex The amount you pay for energy by direct debit is “smoothed” over one year. […]

Direct debit

Martin Lewis calls Bulb ‘scandalous’ after direct debit requests amid energy crisis

Financial guru Martin Lewis called energy company Bulb “outrageous” for its demands during the current energy crisis. Speaking on This Morning on Thursday, October 7, he was responding to calls from viewers to try and give advice as energy prices are expected to soar. Many guests were concerned about rising prices and the bankruptcy of […]

Direct debit

Martin Lewis calls energy company Bulb ‘outrageous’ over direct debit requests during energy crisis

Martin Lewis called energy company Bulb over “outrageous” direct debit requests during the current energy crisis. The money-saving expert was taking calls from This Morning guests as he continued to try to limit damage to millions of customers across the UK who find themselves caught in the bankruptcy of energy companies and rising prices. However, […]

Direct debit

Martin Lewis explains what to do with direct debit bills if your energy business collapses

Speaking on Radio 5 Live this afternoon, Martin Lewis was responding to questions from worried listeners who have been caught up in the recent crisis in energy companies Martin Lewis spoke about what to do with direct debits ( Image: ITV WS) Martin Lewis explained whether you should cancel your direct debit if your energy […]

Direct debit

Banks break their own rules in failed direct debits: report

Major Australian banks are breaking their own rules by not canceling direct debit payments for household bills, according to a new report. The Banking Code Compliance Committee (BCCC) released a study on Monday that found more than a dozen banks fail to properly cancel direct debit payments more than 29% of the time. Direct debits […]

Direct debit

Direct debit cancellations still a headache for consumers

A long-standing scarecrow for consumers is the workaround they often get from merchants and banks when they ask for a direct debit to be canceled. A banking supervisor has found that banks are doing a better job than in the past, but there are still significant problems. In March, the Banking Code Compliance Committee organized […]

Direct debit

Alastair Hanton, former Unilever executive who invented direct debit – obituary

Alastair Hanton, who died at the age of 94, was the inventor of direct debit, one of the founders of National Girobank and a tireless activist for causes ranging from sustainable transport to Christian Aid. It was in 1964, as an executive at Unilever, that Hanton found a solution to the problem of collecting variable […]

Direct debit

E. Fined £ 650,000 for accepting early direct debit payments

Energy giant E.On will pay £ 650,000 in compensation after taking direct debits from 1.6 million customers ahead of schedule. UK energy regulator Ofgem found the company withdrew money from customers’ bank accounts on December 24 rather than in early January, resulting in those affected sustained ” Personal expenses ; unexpected overdraft bank charges; difficulty […]

Direct debit

Half of millennials would rather use BPAY than direct debit

Almost three-quarters of millennials (25-34) find direct debit difficult to manage when paying their bills. Almost three in four (73%) of Australian millennials are frustrated with handling direct debit payments, according to a recent RFi survey. The March survey of more than 2,000 millennial consumers found that 29% fear they won’t have enough money in […]

Direct debit

Gregory Schlemmer (IBANC) on the consequences of Brexit on direct debits

Brexit had a direct impact on physical imports and exports to and from the UK in Europe. However, changes were made in the background to the payment system as well, which posed challenges for businesses on both sides of the Channel. After a two-month delay, the banks changed the direct debit requirements between the European […]

Direct debit

What precautions should I take during direct debits?

Direct debits can make your life easier, but to avoid problems there are some precautions you should take into account. A direct debit is a method that allows a seller to receive payment directly from the consumer’s bank account. To activate it, the company sends the authorization given by the customer to the bank, and […]

Direct debit

Telstra’s latest stupid move: remove postpaid plans and direct debit will become mandatory

Telstra has decided to effectively move away from postpaid mobile plans, removing plans offering bills with 14 days to pay, and replacing them with bills payable on issue, automatically, by direct debit instead. In a move that the phone company says will “give consumers greater price certainty”, all it really does is take away their […]

Direct debit

Furore direct debit Eon: the company apologizes for a “computer problem”

Dec 24 2020, 13:06 | Update: Dec 24 2020, 13:10 Eon took his swab today and had to apologize to angry customers on social media who compared the firm to Scrooge. The energy company was criticized Thursday, December 24. A number of customers on Twitter have complained about having unexpectedly withdrawn money from their bank […]

Direct debit

What is direct debit and how does CBN fees on failed transactions affect you? • Techpoint Africa

Credit card on a computer keyboard The Central Bank of Nigeria has imposed a fee on failed direct debit transactions for each account holder in Nigeria. But without sufficient clarity, details can seem confusing. On Thursday, October 19, 2020, Stanbic IBTC, Nigeria customers received a letter with the subject line “Always fund your account to […]

Direct debit

Companies urged to act on Brexit direct debit changes

Businesses and other organizations here that use a UK-based payment service provider to process direct debits are urged to verify that they are ready for the important changes that will apply after January 1. According to the Banking and Payments Federation Ireland (BPFI), if they want to ensure a smooth and uninterrupted continuation of the […]

Direct debit

Debit cancellations fell to an all-time high this summer, figures show

The cancellation of direct debit donations to UK charities fell to an all-time high over the summer, new figures show. Data from charity payment company Rapidata, released today, shows the average cancellation rate for direct debits was 1.32% in July, the lowest figure since Rapidata began collecting data. in 2003. The company said the new […]

Direct debit

Tide Now Enables SMBs to Collect Recurring Direct Debits Using GoCardless

Digital bank Get paid on time, every time. Image source: Oliver Prill (left) / Hiroki Takeuchi (right). Tide’s business banking service will enable tens of thousands of its small businesses to offer direct debit payments to their customers for the first time. The launch is powered by GoCardless, a fintech specializing in direct debit, and […]

Direct debit

“Pinergy’s direct debit on March 28 quintupled payment failures”

Electricity supply company Pinergy faced a five-fold increase in unpaid bills and was unable to secure a state-guaranteed loan from its bank during the depth of the Covid-19 lockdown. EO Enda Gunnell says the business is on the other side now, but admits it didn’t always look like this in March when Taoiseach Leo Varadkar […]

Direct debit

Over 60s urged to cancel TV license direct debit as £ 157.50 letter goes to over 75s today

Campaign group Silver Voices wants people over 60 to ‘gum up’ the system by paying only with checks and money orders – to protest move to charge over 75s Demonstrators protest outside the BBC Broadcasting House against the end of television licenses for the over 75s ( Image: PA) Activists have urged those over 60 […]

Direct debit

Golf clubs can now collect membership fees through direct debit AND be FCA compliant

A new automated online system has been launched that allows golf clubs to collect annual dues by direct debit while ensuring the club is FCA compliant. Many golf clubs would find it difficult to survive without offering their members the option of paying their annual membership in installments. But these internal programs may be subject […]

Direct debit

Martin Lewis: Take my direct debit challenge: can you save £ 100 in just 5 minutes?

Today, I put the glove on. I want to know how many of you are wasting money letting money flow out of your bank accounts without knowing it, on regular payments to services and businesses that you no longer use or have Not needed anymore. It shouldn’t take long and it can be hugely lucrative. […]

Direct debit

Exclusive: Stripe takes on rivals with UK direct debit launch

Digital bank One more reason for online merchants to choose Stripe for all of their payment needs. Image source: Matt Henderson / Stripe. Global payments giant Stripe is taking on GoCardless in its home market, with UK direct debit acceptance today launching, AltFi can exclusively reveal. With the addition of direct debits, Stripe is one […]

Direct debit

New direct debit registrations down 54% in April

New donors signing up for direct debit donations to charities fell 54% in April from the same month last year, according to data from a charitable payment company. Rapidata, part of the Access group, gathers data on more than 600 charities and around 21 million transactions. Data for April shows a downward trend in new […]

Direct debit

Nationwide: Customers must take a mortgage payment holiday and not cancel the direct debit

Nationwide urges customers to get in touch to set up a mortgage payment holiday rather than simply canceling their direct debit. The mortgage lender said that while most customers contacted them to agree to a three-month mortgage payment holiday, some members canceled their direct debit first. Normally, canceling a direct debit set up to pay […]

Direct debit

Increase in withdrawals of direct debits since the start of the coronavirus crisis

More donors than usual have canceled their direct debits from charities since the onset of the coronavirus crisis, data from a charitable payments company suggests. Rapidata, part of the Access group, gathers data on more than 600 charities and around 21 million transactions. It says that in March, the cancellation rate for direct debits stood […]

Direct debit

CIMB “Direct Debit” transaction problem being verified by MCCA

The Malaysia Cyber ​​Consumer Association (MCCA) is aware of the CIMB direct debit issue which has gone viral in recent days. Several customers have complained online about unknown transactions that were simply referred to as “direct debits”. According to MCCA’s cybersecurity manager Mohamad Zulfahmy Roslan, the association has received several reports and is urging the […]

Direct debit

CIMB Says It Will Send Text Messages To Customers Affected By ‘Direct Debit’ Fee By Today (April 4)

CIMB said it will contact customers with “direct debit” charges on their debit cards via SMS from number 62666 by today (April 4). The issue made CIMB a trending topic on Twitter, as more than 60,000 tweets were posted about it as many feared transactions would not be authorized and money would be diverted from […]

Direct debit

SMEs that receive direct debit payments should look to alternative lenders

Small and medium-sized enterprises (SMEs) whose customers pay by direct debit should look to “enterprising alternative lenders” when seeking financing, ArchOver said. Peer-to-peer business lender ArchOver said some of the biggest lenders don’t want to control all the money if the business goes bankrupt. Read more: One in four SME owners in financial difficulty draws […]

Direct debit

Is the automatic debit of your credit card early? – Which? News

Thousands of NatWest credit cardholders will soon have their direct debits completed later this month, after some longer-standing cardholders were found to pay 10 days before they had to. Some customers who had chosen to erase their entire NatWest credit card bill each month were seeing money withdrawn by direct debit 10 days before the […]

Direct debit

London FinTech announces the launch of Prolific London direct debit

TransferWise now allows UK and EU users to pay bills and subscriptions anywhere using its new direct debit service. This means that it is no longer necessary to have a local bank account when setting up direct debit payments anywhere in the UK and Europe. The service will be free to set up and no […]

Direct debit

Can I cancel my Sky Debit because the bills are in my ex’s name?

I’m having trouble canceling my Sky TV and Broadband subscription. My ex moved about nine years ago and Sky refused to transfer the account to my name even though my ex spoke to them at the time to give permission. However, they were very quick to change the payment details on my behalf. I am […]

Direct debit

Modulr strengthens Revolut’s new direct debit functionality

Challenger Revolut Bank will now allow all European Economic Area (EEA) customers with UK account details to set up direct debits, allowing customers to automate the payment of bills and regular expenses . This last feature offered by Revolut will be powered by Modulator, and will use the direct debit mandate service of the payment […]

Direct debit

Revolut enables direct debit payments for the UK

Revolut has announced the launch of GBP Direct Debits, a new feature for its global retail and commercial financial platforms. The feature, which is aimed at all EEA customers with local UK account details, will use Modulr’s direct debit mandate, allowing customers to make all their regular payments by direct debit in GBP. directly from […]

Direct debit

Revolut adds direct debit payment functionality for UK users

Revolut users who want to replace their traditional bank account can pay by direct debit in GBP. The mobile banking start-up said the feature is only available to customers with UK account details (i.e. account number and sort code) for the moment. Revolut has partnered with Modulr for this feature as it has been using […]

Direct debit

Why your energy domiciliation can increase, even when you are in credit – Which one? News

When you pay your gas and electric bills through direct debit and know you have credit, it can be confusing when your energy company announces that it is increasing your payments. But in a recent Which? one in five members who pay by direct debit said they credited their energy business. Separately, half of those […]

Direct debit

Change bank? Changes to levies to simplify matters

Consumers will more easily be able to reverse regular deductions from their bank accounts, such as gym fees or streaming subscriptions, as part of the next wave of services to be delivered over a high-speed payment system. The changes, which are expected to roll out from the end of 2021, are also expected to make […]

Direct debit

Direct Debit Cancellations Fall to All-Time High with GDPR Introduction, Rapidata Says

Direct debit donation cancellations fell to an all-time high in the months surrounding the implementation of the General Data Protection Regulation last year, payment processing company Rapidata found. At the same time, donor acquisition fell by nearly a third, according to Rapidata 2019 charitable levies monitoring report, released today. But the first figures for 2019 […]

Direct debit

Direct debit: definition, how to configure & cancel

photo by Caspar Camille Rubin to Unsplash Read our simple overview of the basics of direct debits, including the dangers they present. Do you have a Netflix account? Have a newspaper delivered? To pay for health insurance? If so, there’s a good chance you have a direct debit, even if you aren’t 100% sure what […]

Direct debit

Three customers left furious after provider took direct debit payments from customers

Mobile customers lined up to criticize Three today after the mobile operator took direct debit payments from hundreds of thousands of accounts, leaving plenty of funds unexpectedly. Three, who have more than 10 million UK customers, blamed the blunder on a “processing error” and said they apologized “wholeheartedly”. Customers affected by the error had to […]

Direct debit

Clarksburg, WV, Water Board to Promote Direct Debit Payments | New

CLARKSBURG – The Clarksburg Water Board will promote direct debit payments after a collections review showed that most online payment customers choose to pay fees to use a payment network. “We now offer our customers all available (payment) options. To determine which options are the most popular and to determine whether we should promote unused […]

Direct debit

How to cancel a direct debit and not get kicked out by the gym

He gave me a Fit n Fast membership pack. I considered myself defeated and made my way to their orange brand continuous payout streaks. Penelope Flanagan has canceled her credit card to ensure a direct debit cancellation takes effect.Credit:Pierre Braig In the meantime, I have decided to try to get my money back from Fitness […]

Direct debit

Sainsbury’s Bank customers charged after direct debit confusion

What exactly is the problem and how can I avoid it? Sainsbury’s Bank says that in July it introduced a new process for customers to change the direct debit that pays off their credit card balance. Previously, customers had to make an online request for a member of staff to change their direct debit details […]

Direct debit

Why your bank MUST reimburse you if a direct debit is set up without your authorization – your fraud rights explained

Direct debits can be a minefield – and unfortunately, they often go wrong. Here are your rights You have the right to cancel a direct debit at any time by writing to your bank or mortgage company ( Image: Getty) Direct debits are great for convenience, but are painful when they go wrong. People can […]

Direct debit

Cancel a Direct Debit – Punch Newspapers

Direct debit payments are convenient for paying your bills, but when your income is reduced, it’s likely to be more important to have more control over your payments, according to http://www.moneyhelp.org.au. When your income drops, you should consider canceling all your direct debits unless you can keep enough money in your bank account to adequately […]

Direct debit

When direct debit becomes a hook, you can’t do without it

I remember when companies offered discounts to encourage people to choose regular payment plans. Desperate to have more customers on automated billing, the companies were happy to share some of the benefits. Now, some companies are almost insisting that customers are on direct debit plans from the start, especially those that offer recurring services or […]

Direct debit

‘I got £1,120 back after finding a forgotten direct debit I had been paying for FIVE years’

Pensioner managed to recover £1,120 after doing an audit of her direct debits and realizing she had been paying for over five years for the broadband she wasn’t using. Anna Rowden decided to double-check all her expenses after seeing MoneySavingExpert.com founder Martin Lewis warn about the importance of regularly reviewing your direct debits to make […]

Direct debit

How a Newcastle man collected a huge direct debit payment from the council

Worried that direct debit payments will explode unexpectedly? Here’s a handy hint courtesy of a reader whose quick-wittedness prevented a huge payout from coming out of his account. Jordan Sach told me how Newcastle Council took a lump sum of £725. Jordan reversed the payment, which was for council tax, in no time using direct […]

Direct debit

Cancel or modify a direct debit

Whakakorengia, panonitia rānei tētahi nama horipū If you want to change the frequency or cancel a direct debit, you must wait up to 10 business days before your next direct debit is due. Page content Ways to cancel or modify a direct debit​ In line If you are registered with myAUCKLAND, you can […]

Direct debit

I spent three years paying someone else’s tolls

I would like to consider myself sensitive with money. (Others may prefer to call me “cheap”.) So the fact that I spent $867.08 of my hard-earned salary on someone else driving on the Sydney road network – and that I didn’t even notice – is an almost red source of shame. . Like the five […]

Direct debit

A Beginner’s Guide to Direct Debit for Small Business Owners

Collecting payments can be difficult for small businesses, a vital part of your cash flow, but so often a tedious process which, if not done effectively, can have very serious ripple effects. For many, direct debit will come across as a great way to ensure regular payment collection while saving you valuable time so you […]

Direct debit

How to cancel a direct debit

Don’t let your bank trick you into telling you there is nothing they can do until you let the company know. You have the right to cancel the direct debit directly with the bank at any time, provided it is a bank account. If you have a direct debit on your credit card, you will […]

Direct debit

Failed direct debits cost businesses dearly

Businesses risk losing money and customers due to mistakes made when setting up direct debit and credit payments. Around six billion automated payments worth £ 4.3 billion are made in the UK per year. Almost a quarter (23%) of consumers had problems setting up or changing direct debits, and 14% canceled payments as a result, […]