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You agree with the organisation the amount to be collected and the date of payment. From then on the amount will be deducted from your account as agreed. If they need to change the amount or collection date, they have to notify you first.
A direct debit request form is a legal document that sets out the consent from your customer for you to collect automatic direct debit payments from their nominated card or bank account.
Setting up a direct debit You can set up a direct debit to withdraw money from your bank account, or set up a recurring payment from your credit card. The amount can be fixed or variable, and can come out at set dates or at regular intervals.
As part of the payment process, businesses must collect a mandate that includes the customers bank account details (account holders name, the Bank-State-Branch or BSB number, and the bank account number) and must also accept the mandate Service Agreement. This gives the business an authorization to debit the account.
For example, you might use a Direct Debit to pay your gas and electricity bills.
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Simply, a Direct Debit is an instruction from you to your bank or building society. It authorises the organisation you want to pay to collect varying amounts from your account but only if youve been given advance notice of the amounts and dates of collection.
How to set up direct debit Choose your direct debit provider: Set up your account through their website (or through your online accounting software). Add customers and invite them to pay through direct debit: Theyll be emailed a direct debit form.
A Direct Debit is an instruction from you to your bank, authorising a business or organisation to collect payments from your account when they are due. You give this authorisation by completing a Direct Debit Mandate form this can be a paper form or a web page that you complete online.

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