Households in the UK are being hit by a triple whammy of high inflation, rising interest rates and soaring energy costs. As a result, banks are seeing thousands of customers stopping direct debits for ...

We are a team of writers, experimenters and researchers providing you with the best advice with zero bias or partiality. Collecting customer payments via Direct Debit can be efficient and secure ...

Last week, when guest speaking on a webinar, I was posed with the question, “Direct Debit has been around for a while, but we’re seeing new uptake and new popularity. So, why is it making a comeback ...

At least 30% of British Gas, Octopus Energy and Shell Energy customers who were in credit and on price-capped tariffs told the UK's biggest consumer website, MoneySavingExpert.com (MSE), that they've ...

Martin Lewis has urged people to check their direct debits and other regular payments to make sure they're not paying over the odds for something they no longer need or use. His warning comes after a ...

Cancelling unwanted direct debits could add thousands to Brits’ pension pots, as more people look to rein in unnecessary spending to beef up their retirement savings. The average Brit wastes nearly ...

According to the Bank for International Settlements (BIS,) a direct debit is a preauthorized debit on a payer’s bank account initiated by the payee. It is also known as a pre-authorized debit (PAD) or ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. The direct debit feature is immediately available for UK-based merchants ...

Customers who are with British Gas, Octopus Energy and Shell Energy reported the increase. Britons who are with British Gas, Octopus Energy and Shell Energy said their direct debits have doubled since ...