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Direct Debit... How long do they take to process?
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catieeb06
Old 27-08-2009, 7:44 PM
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Default 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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Paul_Herring
Old 27-08-2009, 8:58 PM
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Quote:
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.
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:
does a standing order help your credit profile like I know a DD does.
If you're referring to your 'credit score' neither directly affect it at all.
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