What does Direct Debit mean? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

What does Direct Debit mean?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

An authorization allows a beneficiary to request deductions according to the terms of the authorization.

Steps

  1. Review deductions periodically and cancel any unauthorized authorizations.

  2. A merchant's cancellation may not automatically cancel the bank authorization.

Source

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