BACS Direct Debit definition
BACS Direct Debit means an instruction from a customer to their payment service provider authorising collection of varying amounts from the customer’s account, if the customer has been given advance notice of the collection amounts and dates under the Bankers' Automated Clearing System.
Examples of BACS Direct Debit in a sentence
However, if you think a BACS Direct Debit has been taken from your Wise Account in error, you can ask us to refund it within 8 weeks of it being paid.
If a payment came out of your account by BACS Direct Debit, your payment is covered by the Direct Debit Guarantee Scheme.
If there's a problem with a BACS Direct Debit you've made, the rules under the Direct Debit Guarantee Scheme will apply instead.
You can set up a BACS Direct Debit to allow someone else (the payee) to take money from your Wise Account.
These are Debit Card, Recurring Debit Card, BACS, Direct Debit, Standing Order or by Cheque.