Direct Debit
A Direct Debit is a customer’s instruction to a bank or building society authorising an organisation to collect funds from a nominated account. Around 15,000 organisations use Direct Debits for bill payments, subscriptions, donations and much more.
Each adult in the UK has, on average five Direct Debit arrangements. They are generally considered practical, safe and reliable. Direct Debit can save customers time and often money, through discounts offered by businesses that pass on their cost savings to encourage payment by this convenient method.
We processed over 2.8 billion Direct Debits in 2005 for Bacs Payment Schemes Limited. People trust Direct Debit. Banks trust VocaLink to provide the seamless service that inspires that trust.