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direct debit

dumb_blonde
dumb_blonde Posts: 335 Forumite
in Budgeting & bank accounts
hello, can a bank cancel my direct debit and not tell me?

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    its unusauk but depends upon the circumstances
    EU tariff on agricultual product 12.2%
    some dairy products 42.1% cloths 11.4%
    EU Clinical Trials Directive stops medical advances
  • onlypaddy
    onlypaddy Posts: 991 Forumite
    Debt-free and Proud!
    they can cancel them, but I would expect them to write to me or call if they were going to
    Debts at LBM (May '08) £5760 - Lloyds CC £4260, Lloyds OD £1500;
    Debts as of May 28th 2011:
    Santander CC: £0.00
    Lloyds OD : £0.00
    DFW Nerd #1247 - Proudly dealt with my Debts :D Olympic 2012 Challenge #12
  • Biggles
    Biggles Posts: 8,209 Forumite
    1,000 Posts Combo Breaker
    How long since it was used? DDs that are unused for 12 months normally 'drop off' the account and need to be reinstated.
  • Paul_Herring
    Paul_Herring Posts: 7,484 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Biggles wrote: »
    How long since it was used? DDs that are unused for 12 months normally 'drop off' the account and need to be reinstated.

    I thought it was 13 months, to prevent yearly subscriptions getting lost?

    Ah - here we go:
    Q What is a dormancy period?

    A All banks hold details of Direct Debit Instructions on file for a minimum period of 13 months from lodgement of the Direct Debit Instruction, in the event of no collections, or from the date of the last payment.
    Conjugating the verb 'to be":
    -o I am humble -o You are attention seeking -o She is Nadine Dorries
  • willo65
    willo65 Posts: 1,012 Forumite
    Is it because it had been bounced a number of times? some banks will cancel d/d if they believe you will be unable to meet future payments.
This discussion has been closed.
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