I've cancelled lots of DD's without any issues by cancelling them via PTSB online banking only and not also contacting the payee.Back in my banking days when someone wanted to cancel a DD we would ask them to contact the company and get them to do it, because they originate it. What you need to do is also ask the bank not to "accept" these direct debits if presented for payment.. The bank can't cancel it but they can refuse payment when presented.
To delete a Direct Debit simply click on the ‘bin’ icon to the right of the selected ‘Originator name’. By confirming the option to delete, your Direct Debit will be cancelled. (We would also advise contacting the company to cancel the Direct Debit completely.)
I would be wary of any bank who took an instruction from a third party on how to operate my bank account.Back in my banking days when someone wanted to cancel a DD we would ask them to contact the company and get them to do it, because they originate it. What you need to do is also ask the bank not to "accept" these direct debits if presented for payment.. The bank can't cancel it but they can refuse payment when presented.
That would be all banks.I would be wary of any bank who took an instruction from a third party on how to operate my bank account.
Absolutely.I would be wary of any bank who took an instruction from a third party on how to operate my bank account.
Yes it would, and it suits vendors and banks well. I am not so sure about customers.That would be all banks.
If DDs didn't exist I would be happy to invent them! Seriously, some people like to authorise several payments a month but most of the world is happier doing other things, me included.Yes it would, and it suits vendors and banks well. I am not so sure about customers.
I've had close to a hundred DDs over the years in several countries. I have never had a problem at initiation. The issue is more at termination when payees either accidentally or on purpose have forgotten to cancel the DD. But this is a small minority.I used not have any DDs except with very reputable organisations. Whatever protection that may be. Increasingly this is becoming a difficult line to hold.
I try to use Standing Orders wherever possibleIf DDs didn't exist I would be happy to invent them! Seriously, some people like to authorise several payments a month but most of the world is happier doing other things, me included.
Seriously, what provider gives you the option of either a DD or a standing order?I try to use Standing Orders wherever possible
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