What is Direct Debit?
Direct Debit is an instruction from one bank account or current account to another bank account or current account. It’s the most convenient way of paying regular bills such as gym membership, mobile phone, housing rent, mortgage payments and car insurance.
Completing a Direct Debit mandate authorises the organisation that you want to pay to collect an agreed amount from your bank account on agreed dates.
Direct Debits take only minutes to set up and are a safe method of payment, benefiting from an immediate money-back guarantee in the event of an error on your Direct Debit.
5 Facts about Direct Debits
Benefits of using Direct Debits
- Some companies offer discounts when paying using Direct Debit
- Safe method of payment
- Saves time – no need to manually pay a bill each month.
Open your E-money Current Account in Minutes
Open a Suits Me account in under 10 minutes and get access to your online banking facility and mobile banking app to start managing your money and setting up direct debits.
Open an e-money current account with Suits Me today (no credit checks) and receive your free debit card within 3-5 working days.
Please Note: Suits Me is not a bank. It's an alternative banking solution with an e-money license. Providing features, functions and services that are either the same as or similar to that of a bank. Suits Me do not offer a credit facility in any form. Read more about how your money is protected on our Protected Accounts page.