Direct Debits definition

Direct Debits means regular payments to a business or other organisation from your Account, which may vary in amount or date. Each individual payment is requested from us by the business or organisation.

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Direct Debits means the applicable mechanism by which SAP Concur debits or requests funds from the Customer’s Bank Account to fund Payments, or the funds transferred using this mechanism, as applicable. The applicable Direct Debit processes include the drawing of funds pursuant to:

Direct Debits means regular payments to a business or other organisation from your Account, whichmay varyin amount or date. Each individual payment is requested from us by the business or organisation.

Examples of Direct Debits in a sentence

Cancellation of Direct Debits Pursuant to the terms of your Direct Debit Authority, your Membership Fees will continue to be debited from your credit card or account until we cancel the arrangement by notifying the DD Provider following your termination of this Membership Agreement.
Such transfers shall contain Direct Debits effective for that Business Day only.
Payment shall be by direct debit and a fee of £20.00 per incident for any cancelled, dishonoured or failed Direct Debits or cheques may be applied.
No Direct Debits with annual or quarterly collection frequencies are allowed without Our prior agreement.
The Account may be used for setting up Direct Debits, Standing Orders, and to make Faster Payments including Future Dated Payments subject to Account Limits.
If You wish Us to process the Direct Debits following a User’s submission of a completed Instruction via the Access EDD Website, the details of Our services in this regard shall be as set out in the Direct Debit Managed Service Agreement.
You will authorise your bank to pay upon presentation all Direct Debits initiated by us in respect of any sums due to us under this Agreement.
On the Closing Date, Purchaser shall provide ACH originators of such Direct Debits with account numbers relating to the Deposits.
Unlike Direct Debits, these payments are not covered by the Direct Debit Guarantee and we would recommend that you do not allow Cardholders to authorise recurring payments in this way.
When we're working out if you have enough money in your account, we can look at: • whether you have an arranged overdraft or not, • how much money is left to spend on your arranged overdraft, • any instructions you've given us to make a payment which we've not made yet, • any card payments you've recently made which haven't come out of your account yet, • any regular payments which are due to come out of your account, such as Direct Debits and standing orders, and • any interest and charges which are due.

More Definitions of Direct Debits

Direct Debits means the applicable mechanism by which the Payment Processing Partner debits or requests funds from the Customer’s Bank Account to fund Payments, or the funds transferred using this mechanism, as applicable.

Related to Direct Debits

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 Deposit means an order for electronic transfer of a refund into a taxpayer’s financial institution account.
Direct Debit Request means the Direct Debit Request between Us and You.
Business Account means a dedicated deposit account opened at the financial institution selected by the single allocation platform in the name of the single allocation platform or at the discretion of the single allocation platform opened by the registered participant, but with the single allocation platform as the beneficiary of the dedicated cash deposit, which may be used for payments by the registered participant;
ACH means automated clearing house transfers.