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Tag: Guarantee

The Direct Debit Guarantee Scheme – Are You Using the Wrong Version?

February 06 2015

Bacs Over the Christmas holidays, I purchased a gift of a magazine subscription for a family member. It was gratefully received and we were both happy. Afterwards, however, when I received a confirmation letter with details of my Direct Debit payment schedule, I...

How long should you store a Direct Debit Instruction?

April 02 2014

What is a Direct Debit Instruction? A Direct Debit Instruction (DDI) is the authority given by the Payer to enable an organisation to collect Direct Debits from their (the Payer’s) account. This DDI can be collected using a paper form that the Payer signs and...

The Direct Debit Guarantee: What Does it Really Mean?

February 18 2013

The Direct Debit Guarantee is one of the main reasons that the Direct Debit Scheme has been so successful. But what actually is it? What is the Direct Debit Guarantee? The Direct Debit Guarantee offers protection should there be an error in the payment of a Direct...