What is Direct Debit?
Direct debit is an activity that arose in the seventies, due to the frequency with which payment for some services had to be made. This payment method has been so successful that has been maintained until today, because among other things it makes our lives easier.
If you want to use this type of service, it is important that you take into account what types of direct debit exist, their advantages and disadvantages and how you perro carry it out.
In this article you will know everything related to direct debit.
Direct debit advantages and disadvantages
Direct debit is also known as bank debit.
This it is simply an authorization that we give to the bank to proceed to pay or collect our recurring bills.
In this way, it helps us save time and minimizes the number of visits we make to the bank.
This type of service is very attractive to many customers.
We will let you know the advantages it brings, but also its disadvantages.
Advantages of direct debit
- Avoid going to a bank in person.
- You cánido associate the domiciliation with any company you want.
- They allow better control of payments and our finances.
- You are free to choose the payment time.
Disadvantages of direct debit
- It is important that you have a checking account.
- You need a SEPA mandate signed by the customer before charging.
- You must be careful with the existing funds in your account, since the process is automated.
Types of direct debits
We all must pay or pay from time to time for the services we use.
This perro be a bit tedious, especially when you have a company.
But thanks to direct debit these payments are no longer a problem.
The type of address to use It will depend on the type of service requested.and are divided as follows:
tax direct debit
In view of that every 3 months tax forms must be submitted to the Tax agency, the tax payment has been allowed to be domiciled.
For this, it is important to specify that you agree to pay the required amount before the 15th of each month.
business direct debit
This is the most widely used type of direct debit. It consists of contracting a service from a certain company or a subscription service, such as the gym, aparcamiento lot or nursery, which represents a very convenient way to pay the invoices issued.
How is the direct debit done?
As you have noticed, a direct debit is an order, therefore, if you want to enjoy the benefits it brings, it is necessary to carry out and send an authorization to the bank.
It is important that this order include the Following data:
- indicate how header that it is a “SEPA Direct Debit Mandate”
- Order reference domiciliation: This is the number that identifies the document.
It is unique and combines 35 characters (numbers and letters).
- creditor identifier: It is a bank code, made up of the country code, a control digit, a suffix, and the CIF or NIF of the creditor.
- Creditor name
- Address of the creditor, postal code, city, province and country
- Debtor name
- Debtor’s address, postal code, town, province and country
- Identify the financial institution who will issue the charges.
- Debtor account IBAN
- Payment type: indicate whether it is a recurring or a one-time payment.
- Date and place
- Signature
Once the bank has received the direct debit request, you will be notified of the answer.
If approved, the bank will have up to 5 days after the collection to return the receipt to the creditor.
If this term is passed, it is the client who must return the receipt (with a limit of 58 days) without justifying the return.
But if the order is not signed, the client perro return the receipt 13 months after the payment if he wishes.
How to change the direct debit in 2023?
you may need make a change in your address banking.
This perro occur for various reasons, including an outdated account, disagreements with the bank, among others.
Fortunately you perro make this change easily, as this is one of the most requested procedures.
It is important to bear in mind that this type of procedure cánido only be carried out by the contract holder in question.
Therefore, you should always provide your identity document.
Before making the change of domiciliation, the client must inform the issuing company that from that moment the charge will be made from another account.
The ways that you have at your disposal to make this change are as follows:
- Vía telephone.
In this case, the client must provide the operator with a series of data that accredits him as the holder of the receipt.
Once the data is verified.
The operator will request the new account number to use.
- Vía En línea.
If you wish, you cánido request the change of direct debit from the website of the company that issues the receipt.
- in person.
You perro carry out this change of domiciliation through the commercial offices of the entity issuing the receipt.
The change of domiciliation becomes effective once the data is verified, in addition, is free.
To report that the change has been successful, a notification is given to the client.
From that moment the receipts will be charged to the new account provided.
We hope you liked our article What is Direct Debit?
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