Direct Debit definition

Direct Debit means a payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent given to the payee, to the payee’s payment service provider or to the payer’s own payment service provider;

Direct Debit means a payment service for debiting a payer's payment account, where a payment transaction is initiated by the payee on the basis of the payer's consent given to the payee, to the payee's payment service provider or to the payer's own payment service provider;

Direct Debit means a national or cross-border payment service for debiting a payer’s payment account, where a payment transaction is initiated by the payee on the basis of the payer’s consent;

Examples of Direct Debit in a sentence

• The Direct Debit will be taken from your account at the end of 1st Week.

• International students with UK bank accounts must complete the Direct Debit bank instruction form found here: Direct Debit Instruction and return it to the Finance Office before arrival in College.

• Home students with UK bank accounts must complete the Direct Debit bank instruction form found here: Direct Debit Instruction and return it to the Finance Office before arrival in College.

• The Customer shall on the Effective Start Date provide to Burrow (or if applicable to Introducer) valid, up-to-date and complete contact and billing details for Direct Debit collection and authorises Burrow, its Affiliates or if applicable the Introducer on the Effective Start Date and thereafter on each monthly or annual anniversary as indicated in the Order to debit the Fees payable from the Customer’s bank account.

• Direct Debit payments for commercial purposes don’t qualify for cashback.

More Definitions of Direct Debit

Direct Debit means a transaction originated by the beneficiary, as authorised by you so the amount can vary each time if necessary.

Direct Debit means a service for making payments from the payer’s account which are initiated by the payee on the basis of the payer’s consent (whether given by the payer to the payer’s bank or to the payee or to the payee’s bank).

Direct Debit means a payment made pursuant to the Direct Debiting Scheme;

Direct Debit means a written instruction of an Obligor authorising its bank to honour a request of VWFS to debit a sum of money on specified dates from the account of the Obligor for credit to an account of VWFS.

Direct Debit an automated payment method set up between you and us to send payments to organisations in accordance with a direct debit mandate given by you to the organisation which manages the frequency and amount of each payment; “E-money” monetary value issued by us to your Account on receipt of funds on your behalf in our Customer Funds Account, equal to the amount of funds received; “European Economic

Direct Debit means a transaction where the customer permits someone else (recipient) to instruct the Bank to transfer money from the Customer’s Account to that recipient, on a date or dates agreed by the Customer and the recipient. The amount may vary.

Direct Debit means the payment services for debiting a Payer payment account where a payment account is initiated by the Payee on the basis of the Payer’s consent given to: • the Payee or • the Payee payment services provider or the Payer payment services provider.