Standing Orders & Direct Debits - Why use them?
Direct Debits and Standing Orders make paying bills easier. Here are some of the reasons why:
Discount
Many companies offer a discount for monthly Direct Debit payments. Please check with the company.
Convenience
Direct Debits and Standing Orders are simple, safe and speedy ways to make a payment. They save you the hassle of having to remember when a bill is due.
Choice of payment date
With Standing Orders you can pick a date that suits you best. Many people like to make sure
their payments go out after they've been paid.
With Direct Debits many companies will also allow you to choose a date that suits you best.
Direct Debit Guarantee
Our Direct Debit Guarantee protects you against unauthorised Direct Debits being taken from your account by mistake. For example, this applies if:
- too much is taken;
- a Direct Debit is taken too early;
- a Direct Debit is taken after you have cancelled it;
- you have not been given enough notice of a change to a Direct Debit amount or date; or
- you think an amount has been wrongly taken from your account under a Direct Debit.
Organisations using the Direct Debit Scheme go through a careful vetting process before they're authorised, and are closely monitored by the banking industry. You can feel confident using Direct Debits, given the additional protection offered by the scheme. If a mistake is made by the company or by us, you are entitled to a full and immediate refund.