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Panic !
Comments
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johnmoney05 wrote: »This is NO NO. Too late to cancel the DDs today.
From the Clydesdale Bank Personal and Private Banking Terms & Conditions:-Clydesdale_Bank_T&C's wrote:3.4.5.[...] You can cancel a Direct Debit or a standing order at any time before the end of the last Business Day before the day on which the funds are due to be taken from the Account.
Link:-
http://www.cbonline.co.uk/resources/5/5/5502c0804fd9aef884f2e6d354c37412/DU191.pdf?lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c
coolesticeking is correct.Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.0 -
The payment service regulations changed how late d/d's and standing orders can be cancelled.
http://www.fsa.gov.uk/pages/Doing/Regulated/banking/psd/index.shtml0 -
From the Clydesdale Bank Personal and Private Banking Terms & Conditions:-
Link:-
http://www.cbonline.co.uk/resources/5/5/5502c0804fd9aef884f2e6d354c37412/DU191.pdf?lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c&lmod=-2092118240&CACHEID=a9a32e804fd9ae59899399500e1b009c
coolesticeking is correct.
3.4.5
You can cancel a Direct Debit or standing order mandate by giving written instructions to Your Branch or your relationship manager. You must also contact the originator of the Direct Debit. You cannot normally cancel a single payment which is due to be made under a continuing Direct Debit unless you dispute the amount or date of a payment advised to you in an Anvance Notice issued under the terms of a variable Direct Debit authority.....
Anyway, I have not done this before. Maybe someone can tell you.0 -
johnmoney05 wrote: »3.4.5
You can cancel a Direct Debit or standing order mandate by giving written instructions to Your Branch or your relationship manager. You must also contact the originator of the Direct Debit. You cannot normally cancel a single payment which is due to be made under a continuing Direct Debit unless you dispute the amount or date of a payment advised to you in an Anvance Notice issued under the terms of a variable Direct Debit authority.....
That's a separate issue, and implies you cannot stop one payment on an ongoing Direct Debit, then allowing said mandate to continue as normal. Generally speaking, when you cancel a mandate with the bank, you have to contact the originator to re-instate/ setup a new Direct Debit mandate.
You stated the OP could not cancel a Direct Debit stating it was "too late", I was pointing out that it is not too late to cancel a Direct Debit. If there is another reason why the OP cannot cancel the Direct Debit as you suggest, that is a separate issue - which, as explained, I think the OP can circumvent.Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.0 -
That's a separate issue, and implies you cannot stop one payment on an ongoing Direct Debit, then allowing said mandate to continue as normal. Generally speaking, when you cancel a mandate with the bank, you have to contact the originator to re-instate/ setup a new Direct Debit mandate.
You stated the OP could not cancel a Direct Debit stating it was "too late", I was pointing out that it is not too late to cancel a Direct Debit. If there is another reason why the OP cannot cancel the Direct Debit as you suggest, that is a separate issue - which, as explained, I think the OP can circumvent.
OK. I have not much time for this. Do you think if it is too late to cancel the DDs today if the DDs of OP's son is/are ongoing Direct Debit?
Also how do you suggest OP's son to pay the companies which set up the Direct Debit? Bounced DD fees? Late payment fees?0 -
johnmoney05 wrote: »Do you think if it is too late to cancel the DDs today if the DDs of OP's son is/are ongoing Direct Debit?
This is not a question, and I'm struggling to decipher what you're trying to ask.johnmoney05 wrote: »Also how do you suggest OP's son to pay the companies which set up the Direct Debit? Bounced DD fees? Late payment fees?
The OP has stated they will provide money to allow the Direct Debit to be paid without cancelling. Hypothetically speaking, if the OP's son could not fund the account in time, cancelling the Direct Debit with Clydesdale would have been the lesser of two evils. A bounced Direct Debit can result in fees/ charges on both ends (applied by the bank and originator). A cancelled Direct Debit which the originator cannot collect on may result in a late payment fee of sorts - not all companies charge late payment fees, almost all banks charge for failed Direct Debits. The son would then have to make a debit card payment (or similar) or arrange for the Direct Debit to be set back-up and collected ASAP.Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.0 -
This is not a question, and I'm struggling to decipher what you're trying to ask.
The OP has stated they will provide money to allow the Direct Debit to be paid without cancelling. Hypothetically speaking, if the OP's son could not fund the account in time, cancelling the Direct Debit with Clydesdale would have been the lesser of two evils. A bounced Direct Debit can result in fees/ charges on both ends (applied by the bank and originator). A cancelled Direct Debit which the originator cannot collect on may result in a late payment fee of sorts - not all companies charge late payment fees, almost all banks charge for failed Direct Debits. The son would then have to make a debit card payment (or similar) or arrange for the Direct Debit to be set back-up and collected ASAP.
Sorry. I didn't make myself clear enough. I was thinking the DDs of OP's son might be a continuous authority. It has to be honoured by the bank (or the credit card company if it is given on a credit card) & can only be cancelled by instructing the firm holding the authority to cancel it. Then it would be too late to cancel them today. I hope it is clear.
And if the DDs are credit card repayment. You have NO way to cancel it today without incurring SOME fee.0 -
I dont know what kind they are but personally I will argue for hours to get out of paying anything by DD. I wave cheques under their noses and if that doesnt work then I scream until they give me a S/O. Some things like ISPs wont let you though. I think DDs are the worst thing ever invented.0
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johnmoney05 wrote: »Sorry. I didn't make myself clear enough. I was thinking the DDs of OP's son might be a continuous authority. It has to be honoured by the bank (or the credit card company if it is given on a credit card) & can only be cancelled by instructing the firm holding the authority to cancel it. Then it would be too late to cancel them today. I hope it is clear.
And if the DDs are credit card repayment. You have NO way to cancel it today without incurring SOME fee.
Ok, I think we've crossed-wires on terminology here.
A Direct Debit is not a Continuous Authority Payment. They perform similar functions, as does a standing order, but all are different types of regular payments.
You are correct in that a CPA cannot be cancelled by the bank, and the payer must contact the merchant directly (in the first instance).
However, we are discussing Direct Debits, and the section of the terms & conditions I quoted (and you re-quoted) are referencing Direct Debits only. That's why I capitalised the name because it is not to be confused (as it commonly is) with a CPA/ recurring debt card payment or standing order.Anything I post is my opinion, so from time to time I may be wrong. I try to provide answers based in fact, however I don't know everything, so (like all posters on MSE), take what I say with a pinch of salt.0 -
I know that the OP has sorted it now but I'm surprised that nobody has suggested doing nothing. Any charges levied as a result of bounced DDs must surely be the responsibility of the employer who has paid late, presumably in breach of the contract of employment.0
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