Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What is a dormancy period?

dormancy period
0
Posted

What is a dormancy period?

0

The time after which a bank or building society will drop details of a Direct Debit Instruction from a payers account if no collections have been made in that time. The period is normally 13 months.

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123