What Is A Direct Debit | A Complete Guide

In this video we discuss what a Direct Debit is and how it can be set up.
Direct debit is when you give instruction to your bank to allow a third party such as a utility company, to collect varying amounts of payments from your bank account. All this is initiated by the organization with your consent.

There is however a condition that that organization or company should notify you in advance of the amount and date of collection.