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Direct Debit... How long do they take to process?
27-08-2009, 7:44 PM
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MoneySaving Stalwart 
Join Date: Jul 2009
Posts: 528
Thanked 216 Times in 155 Posts
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Direct Debit... How long do they take to process?
Ok, I currently send a small sum to a charity every month, they send the DD instruction to take the funds out of my account on tuesday, thing is, I dont know when it will come out of my account.
They gave me the option of paying by standing order if it works out better for me but does a standing order help your credit profile like I know a DD does.
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27-08-2009, 8:58 PM
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Fantastically Fervent MoneySaving Super Fan 
Join Date: Apr 2004
Location: Gateshead
Posts: 5,721
Thanked 2,527 Times in 1,771 Posts
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Quote:
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hey send the DD instruction to take the funds out of my account on tuesday, thing is, I dont know when it will come out of my account.
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DD's take 3 working days to set up, and on the last day the money is seen leaving your account and appearing in the other account. (As distinct from a SO where the delay may be 3 days.)
Quote:
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does a standing order help your credit profile like I know a DD does.
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If you're referring to your 'credit score' neither directly affect it at all.
Conjugating the verb 'to be":
o I am humble
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