Direct debit: Difference between revisions
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* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[Request to Pay]] | * [[Request to Pay]] | ||
[[Category:Accounting,_tax_and_regulation]] | |||
[[Category:Financial_products_and_markets]] | |||
Revision as of 14:16, 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.
