What are the benefits of Direct Debit?
Direct Debit is the preferred payment method for over 48% of the UK bill paying population because it provides so many advantages: It spreads the costs – of bills across the year, allowing easier budgeting. Peace of mind – of knowing bills are being paid automatically and payment dates will not be missed. It’s often cheaper – apart from eliminating the expense of mailing cheques, it enables you to take advantage of the many direct debit discounts available. It’s more convenient – many organisations offer a choice of payment dates giving you the convenience of choosing a date that suits you best. It’s guaranteed – the reassurance of knowing that every direct debit is protected by three main safeguards: an immediate money back guarantee from the bank or building society if an error is made, advance notice from the organisation if the date or the amount of the direct debit changes and ultimately, the right to cancel. What’s left is available to spend – paying regular bills by direct debit
