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.
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 a Current Account in Minutes
Open a Suits Me account in minutes and have access to your online banking facility and mobile banking app to start managing your money and setting up direct debits.
Apply for a current account with Suits Me today, open your account in minutes (no credit checks) and receive your free debit card within 3-5 working days.