returned direct debit

kayteigh

What does returned direct debit mean on my bank statement? Is it that i havent paid the direct debit?

YorkshireBoy

There were insufficient cleared funds available to pay the DD.

In short, they haven't paid it.

Depending on the provider/account type you may be charged.

kayteigh

Thanks a lot

grumbler

kayteigh wrote: »

What does returned direct debit mean on my bank statement? Is it that i havent paid the direct debit?

If it wasn't paid I'd expect to see some charge for this, not just a "returned direct debit". Banks usually call it 'bounced' or 'unpaid'.

Was it a debit or a credit transaction?

kayteigh

Direct debit - phone bill

weatherlobe

So why on earth do First Direct persist in charging a monstrous £25 for a returned DD when most other banks charge far less?

noh

weatherlobe wrote: »

So why on earth do First Direct persist in charging a monstrous £25 for a returned DD when most other banks charge far less?

They charge nothing if the returned payment is less than £10.
They charge £10 if the returned payment is between £10 and £25.
They charge £25 if the returned payment is more than £25.

Perhaps they have this charging structure to maximize profits or perhaps they have it to discourage customers from spending money they don't have.
Either way it's an optional charge. Run your account properly and you don't pay it.