How do I cancel the direct debit?
Use of direct debit is a great way to ensure that monthly accounts are settled in time. It is not necessary to make payments by posting by post or manage the debt in another way by ordering payments based on checks or other bank accounts. From time to time, it may be necessary to cancel a direct debit because the consumer makes changes in business relations, changes banks or otherwise transform his finance. Fortunately, this can usually be achieved by announcing the creditor or the service provider in advance, and at the same time notify the Bank of desire to allow the processing of direct debit.
After determining the cancellation of the direct debit, it is the first step to notify the creditor or the provider that you want to unsubscribe from a direct debit transaction. This can sometimes be done with a face to face if the creditor is based in the nearby area. Other times, the preparation of a formal letter delivered by Creditor will be necessary. The letter should contain all the relevant information needed to identify the correct account and cancel the direct debt. Information,As your name, how it appears in the supplier's account, the mailing address and the information about the bank account associated with direct debit will often be required.
together with a personal visit to the creditor or strengthening the formal requirement to cancel direct debit can be initiated online. If the creditor or supplier provides online access to the account. You should be able to log in to this account and make changes in the currently introduced payment process. Keep in mind that with all these methods, it may be the necessary period to process your payment preferences. If this is the case, there is a chance that another direct debit will be processed even after the change is sent.
Once a believer or the supplier is warned that you want to cancel a direct debit, inform your bank of cancellation. Provide a copy of the letter to the Supplier or perhaps a printed copy of the confirmation number of the received when it was a direct debit fromdisturbed online. Depending on the banking laws that apply in your jurisdiction, the bank may be sufficient for the bank to ban any other direct debit on your account.
If you are the victim of identity theft and found that unauthorized debit is carried out on your account, work with your bank to close this account and convert your funds to a new one. The bank can also help initiate an investigation to trace the origin of fraudulent activities by reporting unauthorized debts to the coercive bodies. This approach may also be necessary if the creditor takes an unusually long time to process your request to cancel the direct debit, as this debit permission will not automatically be transferred to the new AcCBEZ of your consent.