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.
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.
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.