Direct debit indemnity?

zenshi

Had a DD taken early. Email received from company saying I can claim indemnity and have this returned

What does this mean please?

rtho782

If you phone the bank you can get them to return the money to you

agrinnall

And if the early DD has caused you to incur any bank fees then the company that took the DD should pay those too.

Don't forget that you will need to pay the amount when it is due, and if it's been refunded the originator may not retry the DD this month, so if that doesn't happen it is probably worth speaking to them to find out if they want you to pay another way.

Westie983

Contact your bank and ask to do a DDI, they will know what to do and the process.

Ballard

Westie983 wrote: »

Contact your bank and ask to do a DDI, they will know what to do and the process.

It would depend on the circumstances, though. If it's been taken a few days early and hasn't caused any problems then it's probably not worth correcting it.

Westie983

thats what the DDI is there for if its taken on a day you are not expecting it, along with other factors,

That said most of the DD due on Monday will be processing now, ready.

The company has suggested a DDI, which means they acknowledge they have taken it early.

You are correct though if its due in the next couple of days, probably not worth it, but there is no mention if the OP has been financially worse off due to the DD coming out early, which could happen if they budget to the penny for DD to come out on a certain date each month.

Even if they have not caused any problems, DDI can still be used, I did it with Vodaphone when they took it three days early as I needed the money for something else over the weekend, and I paid an alternative way for that month, as the DDI, meant they cancelled the DD, (annoying)