Direct Debit Scheme definition

Direct Debit Scheme means a common set of rules, practices and standards agreed between payment service providers for the execution of direct debit transactions.

Direct Debit Scheme means a direct debit scheme under which we provide debtor bank services to you in your capacity as debtor, but does not include the SEPA Core Direct Debit Scheme or the SEPA B2B Direct Debit Scheme;

Direct Debit Scheme means a scheme where a member provides written authority for the payment of their annual subscription to the Union to be deducted, on such regular basis as the Executive determines, from the member’s bank account or similar debit account.

Examples of Direct Debit Scheme in a sentence

• An authorised Direct Debit Originator (‘ Originator’) is a person authorised to take payments from accounts using the SEPA Direct Debit Scheme.

• Direct debit payments are covered by the SEPA Direct Debit Scheme Rules (‘ Scheme Rules’).

• For Direct Debits in Sterling, refund rights under the UK Direct Debit Scheme (under UK Direct Debit Law) will apply.

• If you allow payments to be made from your account using the UK Direct Debit Scheme, the Direct Debit Guarantee (which you’ll be given on the Direct Debit form or Direct Debit confirmation) will apply instead of the terms contained above and in section 17.

• Organisations using the Direct Debit Scheme go through a careful vetting process before they're authorised, and are closely monitored by the banking industry.

More Definitions of Direct Debit Scheme

Direct Debit Scheme means the facility offered to the Customer to pay towards the Total Payment due by way of monthly Direct Debit payments payable on the day of each month specified on the front page of this Contract.

Direct Debit Scheme means the system in which the Club offers to spread the cost of a Season Ticket

Direct Debit Scheme means a scheme where a member provides written authority for the payment of Subscription Fees to the QNU to be deducted, on such regular basis as the QNU determines, from the member’s bank account or similar debit account;

Direct Debit Scheme means the scheme for the manual or automated debiting of bank accounts operated and administered by Bacs;

Direct Debit Scheme means a scheme where a member provides written authority for contributions payable to the QNTDB or the SA Divisional Branch to be deducted, on such regular basis as the respective Divisional Branch Secretary agrees, from the member’s financial institution, similar debit account or credit card;

Direct Debit Scheme means a scheme where a member provides written authority for the payment of Subscription Fees to the QNMU to be deducted, on such regular basis as the QNMU determines, from the member’s bank account or similar debit account;

Direct Debit Scheme means the facility offered to the Customer to pay towards the Total Payment due by way of monthly Direct Debit payments payable on the day of each month specified on the front page of this Agreement