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Direct Debit Mandate Question

Hi there.

How long does it take when completing a Direct Debit mandate on sites, signing a mobile contract on paper etc. take to appear on the banks side?

Comments

  • Anthorn
    Anthorn Posts: 4,362 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    It varies. Depends how long it takes for the payee to contact the bank and how long the bank takes to process it. Obviously an electronic DD mandate is likely to be quicker than a paper one sent through the post.
  • System
    System Posts: 178,365 Community Admin
    10,000 Posts Photogenic Name Dropper
    I submitted the electronic mandate tonight through a political organisation ;), so, am expecting it to take 3 days or so
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • alanq
    alanq Posts: 4,216 Forumite
    1,000 Posts Combo Breaker
    Some banks, for example NatWest, do not list Direct Debits in online banking until the first payment has been taken.
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