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What are direct debit and credit organisations?

April 26, 2017credit Debit organisations

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What are direct debit and credit organisations?

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A direct debit organisation is any organisation you have authorised to direct debit funds from your account. Direct debited funds might be for rent, phone bills or power bills. A direct credit organisation is any organisation you have authorised to credit funds into your account. Direct credited funds might include salary, share dividends or government allowances.