Direct debit: Difference between revisions
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imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add abbreviation.) |
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(DD). | |||
A pre-authorised debit on the payor’s bank account initiated by the payee (beneficiary). | A pre-authorised debit on the payor’s bank account initiated by the payee (beneficiary). | ||
Revision as of 14:49, 27 April 2022
(DD).
A pre-authorised debit on the payor’s bank account initiated by the payee (beneficiary).
Direct debits are direct bank-to-bank transactions.
