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Direct Debit

Organisations use Direct Debit for collecting bill payments. A Direct Debit is a customer’s instruction to a bank or building society authorising the collection of funds from a nominated account. Around 100,000 organisations use Direct Debit for bill payments, subscriptions, donations and other regular and irregular collections.

Adults in the UK have, on average five Direct Debit arrangements. They are considered to be very 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.

VocaLink processed over 3 billion Direct Debits in 2008 for Bacs Payment Schemes Limited.  People trust Direct Debit, and banks trust VocaLink to provide a seamless service.

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Related links

Visit www.bacs.co.uk to find out more about Direct Debit

To find out more, email  info@vocalink.com
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