What is a paperless mandate?
Quinn-Direct Ltd (Under Administration). operate a Scheme called DD+ in association with the Banking Industry whereby Bank Account and Sort Code details can be captured at source without the Customer having to physically sign a Direct Debit mandate form. In order to avail of the DD+ process the policyholder must be the account holder of the account to be debited and therefore the payer and the account type provided must be able to handle Direct Debits. If you are not the account holder, or if more than one person is required to authorise payment from this account, you cannot avail of this option. If the account is held in joint names you can still proceed as long as only one person’s signature is needed for sign-off. If you agree to continue with the DD+ process QUINN-direct will send out a confirmation notice which will include the following: • Account name • Account number • Day of the month to be debited • Date of first collection • Amount to be debited • Frequency of collection If
