UK’s Most Preferred Method to Make Payments Automatically

The Direct debit refers to a transaction of financial nature in which a person withdraws money from the bank account of other person. In this process a person instructs the bank to withdraw certain amount directly from the bank account of another person. The account holder from whose bank account money is to be withdrawn instructs the bank that he has given authority to the payee to draw the funds directly from his or her account.

The Direct Debits UK is one such direct debit service operating in the United Kingdom in order to offer its customers advanced and reliable debit services. The direct debit is also referred to as PAD or pre-authorized payment. The direct debit needs the customers to give instruction to the bank for carrying out direct debit transaction.

There are many advantages of direct debit service and they are listed below:

Flexible mode of transaction:

The Direct Debits UK is a flexible mode of money related transaction and it makes the life of the customers quite stress-free and relaxed. Offer attractive incentives to customers

In addition to providing money related transactions the Direct Debit UK also offers catchy and attractive incentives to its customers.

Save valuable time of the customers:

For carrying out financial transaction from the bank or financial organization one has to personally visit the bank. But with the Direct Debit UK option the life of the customers become quite easy as it saves the time of the customers. The customers need not to visit the bank in order to carry out their money related transaction with the direct debit scheme.

Provides guarantee to its customers:

What makes the direct debit service a really class apart service from other conventional services is the guarantee scheme which it offers to the account holders. In case any type of error takes place in the Direct Debit UK service there is guarantee scheme available for the account holder. In the guarantee scheme the customer is given the cash back money in case any type of error takes place during the money transaction. This makes the client feel more secure and relaxed.

Easier to avail service:

The direct debit service is easier to set up and avail and it take just six weeks to set up and start this scheme. The procedure associated with the starting up of direct debit scheme is very simple.
First of all the given bank needs to give approval to the customers who wants to avail this banking service and then endorse the documentation of that customer. After that the bank will provide the account holder user number of the service that is unique in its nature. Then the account holder can avail the services of the direct debit service.

Secure and safe mode of money transaction:

The Direct Debits UK is safer and secure mode of money transaction and there are very few risk factors associated with the direct debit scheme. The customers have peace of mind while availing the direct debit mode of money transaction option.

 

Subscribe To Newsletter

Subscribe to my mailing list and gain access to the secrets that helped me earn over $81,000 with this blog working only a few hours a week.

Invalid email address

I promise not to spam you. You can unsubscribe at any time

About Susie

Katy Hepburn who is SEO expert writing on various topics related to Organic Search, Paid Search, Social Media and Internet Marketing. And now she has written the methods of Guest Posting and you can get some more ideas of Guest blogging

Check Also

Tips To Create A Successful Online Business

Online businesses are some of the most profitable businesses nowadays. This is because they have low staff requirements and overheads. However, most online start-ups fail. Subscribe To NewsletterSubscribe to my mailing list and gain access to the secrets that helped me earn over $81,000 with this blog working only a few hours a week.Invalid email …

11 comments

  1. I have had similar payment services in Sweden before and it eased a lot to me when I was out on my European tournament as clothing buyer for my business every month. Today, I have the same system in Spain and I visit my bank a maximum of 3 times a year. I recommand everyone to use it.

  2. Direct debit is really very useful in this fast lifestyle. One can easily pay off all their bills directly and clear off all the tension on time. It was good to read this post and get updated about what is happening in the United Kingdom. Thanks for the share.

  3. This direct debit thing sounds really great, and with the guarantee scheme I think all customers would make use of this service, after all who does not want to save time nowadays. I saw this coming, with all other sectors trying to make the customers happy, why would banking be lagging behind. Thanks for sharing the post.

  4. Excellent post! Direct Debit is the simplest way to pay your household bills. The best thing I like about it is – it is quite simple, convenient and safe to use. Most current accounts as banks and building societies can be used to make Direct Debit payments. You have posted really informative article. Thanks for sharing this post!

  5. Good to knew about.I read more about Direct Debit working system.Here in India we follow the different paying patterns.Enjoyed reading!
    Management Consulting Services’s latest blog post is Working smarter: the undisputed benefits of meditationMy Profile

  6. I am very much concerned with privacy of my account. I have lost lot of pennies in online transactions and because of which I was looking out for a secure method of paying bills online. I joined Direct Debit a year ago and it just crossed all my expectations. Great Payment method! Thanks for sharing such an informative post!

  7. This is tough. I use my credit card for most purchases because I pay it off every month. I also like to use my debit card every now and then just to keep it fresh.
    Golf Course’s latest blog post is 10My Profile

  8. I started using a prepaid debit card instead of a credit card. This allows me to better control spending, but I still get the convenience of using “plastic.” I tend to use manual pay options for my wireless bill (to my debit card). I’m not yet comfortable with an automatic withdrawal, especially since I have to make sure I load money onto the card to avoid missing a payment.
    Pay Day Loan’s latest blog post is PayDay Loan, Why and HowMy Profile

  9. Personally, I like the convenience of setting up autopay and never have to worry about running out of funds, or missing a monthly payment. I have a friend who refuses to use his credit card for this type of payment because he doesn’t want to have to worry about not paying his full credit card bill and end up paying interest and penalties or fees. For him, he likes the flexibility of throwing money on his account when he has it available.
    Forex Trading’s latest blog post is 10My Profile

  10. All metods are quite new to me.Thanks for all smart ideas and good creativity.
    Linda’s latest blog post is Sell Playstation 3My Profile