Direct debit: Difference between revisions
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* [[Standing order]] | * [[Standing order]] | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
*[[Pull payment]] | |||
* [[Request to Pay]] | * [[Request to Pay]] | ||
* [[Variable recurring payment]] (VRP) | * [[Variable recurring payment]] (VRP) | ||
Latest revision as of 17:51, 19 March 2025
(DD).
A pre-authorised debit on the payor’s bank account initiated by the payee (beneficiary).
Direct debits are direct bank-to-bank transactions.
