Direct Debit Benefits

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When it comes to recurring payments, Direct Debits can make life easier for both businesses and customers. From a business point of view they:

• Make reconciliation and cash flow management much easier.

• Cheaper to process than cheques and other payment methods.

• Removes the hassle of having to remember to pay every month.

• Amount or payment date changes there are no additional arrangements to be made as is the case with Standing Orders.

Current trend data taken from the BACS website show that in the last 5 years direct debit payments across a number of industry sectors have increased by 18%. Nowadays over 70% of the UK population choose to pay bills by Direct Debit