Direct debit

id: direct-debit-168-311451
title: Direct debit
text: A direct debit or direct withdrawal is a financial transaction in which one organisation withdraws funds from a payer's bank account. Formally, the organisation that calls for the funds instructs their bank to collect an amount directly from another's bank account designated by the payer and pay those funds into a bank account designated by the payee. Before the payer's banker will allow the transaction to take place, the payer must have advised the bank that they have authorized the payee to di
brand slug: wiki
category slug: encyclopedia
description: Financial transaction with withdrawal from another's bank account
original url: https://en.wikipedia.org/wiki/Direct_debit
date created: 2005-09-02T19:37:13Z
date modified: 2024-08-30T16:40:56Z
main entity: {"identifier":"Q770814","url":"https://www.wikidata.org/entity/Q770814"}
image:
fields total: 13
integrity: 15

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