Fixed Direct Debit definition

Fixed Direct Debit means an instruction from the customer to their bank or building society that authorises an organisation to collect a fixed amount from the customer’s account at regular intervals, provided that advance notice of the amount and the dates of collection have been provided.
View Source
Fixed Direct Debit means paying by direct debit for a fixed tariff, i.e. the direct debit amount is an amount fixed by us until it is reviewed. The reviews should ensure that your payments remain in line with your usage.
View Source

Examples of Fixed Direct Debit in a sentence

  • We aim to review your Fixed Direct Debit at least twice a year, to make sure you are paying enough to cover the energy you use, or offer to reduce your Direct Debit if it’s too high.

Related to Fixed Direct Debit

  • 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 Request means the Direct Debit Request between Us and You.

  • Regular general election means the election held throughout the state on the first

  • Eligible Investment Required Ratings A long-term debt rating of at least “A+” by S&P or a long-term debt rating of at least “A” by S&P and a short-term debt rating of at least “A-1” by S&P.

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.