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What Does Direct Debit Award Exactly Mean? - A Breakdown - Printable Version +- Forum Banking (http://www.forumbanks.com) +-- Forum: My Category (http://www.forumbanks.com/forum-1.html) +--- Forum: Regulations & Compliance (http://www.forumbanks.com/forum-2.html) +--- Thread: What Does Direct Debit Award Exactly Mean? - A Breakdown (/thread-952.html) |
What Does Direct Debit Award Exactly Mean? - A Breakdown - LawsonPrinceton - 07-26-2024 Okay, this is a truly important question! I've been seeking into direct debit payments and honestly, I'm still a little confused on what they actually *are*. It appears like a convenient way to pay, but I do not quite recognize how it operates. What's the core concept behind a direct debit? RE: What Does Direct Debit Award Exactly Mean? - A Breakdown - DenverEmiliano - 07-26-2024 Absolutely! Direct debits are essentially a scheduled transfer of funds from your account to a recipient - typically a credit card or utility bill - on a standard basis. It's designed to automate payments, right? I've seen some confusion about how they actually *work* beyond just the automated transfer itself. What's the classic flow - what happens before |