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Is a loan a direct debit?

Monthly repayments and loan term Repayments are by direct debit. The repayments are monthly until the loan is repaid.

What is a direct debit request?

Direct Debit Request or DDR: The written, verbal or online request you give us to debit funds from your account.

What is required for direct debit request?

A DDR form should include clear authorisation from the customer for you to deduct amounts from their account, your bank details, your user identification number and the details of the customers nominated payment method.

Can someone set up a direct debit without my permission?

No. Only the account holder can set up the Direct Debit Instruction. In this instance the organisation concerned would forward a paper Direct Debit Instruction to you for authorisation. What type of payments can Direct Debit be used for?

How do I set up a direct debit with me bank?

Choose the account youre transferring from and enter your payment details. Select the Set up a recurring payment option, then use the drop down menus to select how often payments will happen, and when they should start and end. Click continue to confirm your transfer details and finalise your transaction.