A direct debit or withdrawal is a financial transaction where a person (or business) withdraws money from another person`s bank account.  Officially, the person who receives the money directly („the beneficiary“) orders his bank to collect directly from a bank account designated by the payer of another („the payer“) and transfer them to a bank account designated by the beneficiary. Before the payer`s banker authorizes the transaction, the payer must have informed the bank that he has authorized the recipient to withdraw the money directly. It is also called pre-authorized charge (PAD) or pre-authorized payment (PAP). After the authorities have set up the system, direct debit bookings are usually made electronically. A common example of a levy is the authorization of a credit card company to debit a bank account for the monthly balance. Get a current account with which you pay by direct debit Can you pay your bills in another way? The SEPA levy initially cooperated with national debits until 1 August 2014. From that date, only the SEPA levy was allowed for the collection of euro-denominated payments in the EU. In October 2016, SDD and IBAN became mandatory methods for euro transfers across the EU and the EEA, but not mandatory for transfers to other currencies. However, the problem is compounded by some banks themselves because they have not put in place controls preventing companies or fraudsters from withdrawing money from commercial and consumer accounts.  The problem of reviving or reintroducing cancelled levies will cost UK consumers about $385 million in 2010. For customers who discover it, it takes an average of four months to notice it.
Although there have been no concrete figures, it appears that a considerable number of people lose considerable sums each year because the obsolete levy is neither noticed nor recovered.  The levy is a very common payment option in Japan. When it connects to a service, for example. B phone calls, a customer is usually asked to enter their bank details on the service transfer form, to set up to make automatic payments, and the company to which they register takes care of the rest. Sometimes, but not always, the customer is offered the opportunity to enter credit card data instead of bank account data in order to debit the money directly from the credit card instead of the bank account. If changes in the height, date or frequency of your debit method, (insert the name of the organization) you (add the number of) working days before your account is debited or as agreed. If you wish to file a payment (insert the name of the company), you will receive confirmation of the amount and date at the time of application. Debits are the preferred method of regular payment for most banks, utility companies and retailers, as they give them permission to take the exact amount you owe them directly from your bank account. One method applies only to the payer and the beneficiary, with the payer authorizing the recipient to recover the money due in his account.
However, the payer may order his bank to return all levies without justification. In this case, the beneficiary must pay all the costs associated with the transaction and may ultimately lose his ability to initiate levies if this is too often the case. However, all account holders (not just payers) must continue to monitor bank statements and demand returns if necessary, unless they have ordered their bank to block all debits. If they do not refund you, contact them again in writing and degenerate to your subsidiary manager or customer service manager and refer directly to the debit guarantee. Any organization wishing to make the payment by direct debit must register for the debit guarantee.