Direct debit: Difference between revisions
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A pre-authorised debit on the payor’s bank account initiated by the payee. | (DD). | ||
A pre-authorised debit on the payor’s bank account initiated by the payee (beneficiary). | |||
Direct debits are direct bank-to-bank transactions. | |||
== See also == | == See also == | ||
* [[Continuous payment authority]] (CPA) | |||
* [[Debit]] | * [[Debit]] | ||
* [[Direct credit]] | * [[Direct credit]] | ||
* [[Standing order]] | * [[Standing order]] | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[Request to Pay]] | |||
* [[Variable recurring payment]] (VRP) | |||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Financial_products_and_markets]] | |||
Latest revision as of 14:19, 20 January 2024
(DD).
A pre-authorised debit on the payor’s bank account initiated by the payee (beneficiary).
Direct debits are direct bank-to-bank transactions.
