Processing a debit?

Smaller things we pay anually.  

If it saves money we pay anually.

Our DDs are mainly for our credit cards or charitable donations.

Several bank accounts that pay interest require at least 2 monthly DDs, so we pay our small monthly DDs from them.

Smaller things we pay anually.  

If it saves money we pay anually.

Our DDs are mainly for our credit cards or charitable donations.

Several bank accounts that pay interest require at least 2 monthly DDs, so we pay our small monthly DDs from them.

Write your comments here...Some banks give you a cash gift if you switch but you must have two direct debits to qualify for that too! I'm not sure what the reason is for them requiring you to have DDs.

Surfer, you might find that if you pay after the renewal date it will be considered as a new membership!

We had a letter yesterday to remind us that our membership had expeired on 31st October - a week ago - so I paid by card and the number has stayed the same and the bookings are still there so presumably you get a few weeks grace.

Smaller things we pay anually.  

If it saves money we pay anually.

Our DDs are mainly for our credit cards or charitable donations.

Several bank accounts that pay interest require at least 2 monthly DDs, so we pay our small monthly DDs from them.

Write your comments here...Some banks give you a cash gift if you switch but you must have two direct debits to qualify for that too! I'm not sure what the reason is for them requiring you to have DDs.

 I assume the point is you have to prove you mean it and it is only on the second payment the saving start.

i do not think they will chase you if you forget to renew .thats one reason we did DD  malc

They send you a letter. 

With NT and WWT, you get a free gift if you sign up to a DD when you first join. They hope they can reduce their admin costs in not having to chase for payment. However, if later you choose to pay annually by card they'll accept it.

With NT and WWT, you get a free gift if you sign up to a DD when you first join. They hope they can reduce their admin costs in not having to chase for payment. However, if later you choose to pay annually by card they'll accept it.

Off topic here sorry . 

Malcolm do you get your moneys worth being a member if these two organisations?

I agree with IanH DD's keep the fees coming in and loads of people don't check bank statements. . Must have loads of money or loads of debt and easy credit

We've always paid most regular things by monthly DD, electric/gas/phone/council tax etc. If its a one off like house or car insurance then its paid in full but not on DD as we like to compare prices each year. Credit cards are paid by DD but the whole amount each month. We both keep one eye on the bank accounts with us being away so much, so if anything comes out that shouldn't we are onto it usually within a few days. Wish our boys were as vigilant, both of them have made mistakes with not cancelling car insurance DD's when taking out a new policy, hopefully they will have learnt from that but I wouldn't bet on it 

One of the reasons I don't like DDs is that several or more years ago when I was working, payday arrived which was the last day of the month and no cash into the bank.  We were then informed the next day that the company had gone into administration and no pay. 

In the meantime several DDs bounced and the fees amounted to over £300.  The last thing you need when you have no ready money in the account.  It took a lot of begging and pleading to get the bank to reverse the fees and that took about a month.

Although it should not happen again in the future, I am still wary of too many unnecessary DDs on my account, however the posting was about why the CC take 3 weeks to process a debit.