Direct Debit Scheme definition

Direct Debit Scheme means a common set of rules, practices and standards agreed between payment service providers for the execution of direct debit transactions.

Direct Debit Scheme means a direct debit scheme under which we provide debtor bank services to you in your capacity as debtor, but does not include the SEPA Core Direct Debit Scheme or the SEPA B2B Direct Debit Scheme;

Direct Debit Scheme means a scheme where a Member provides written authority for the payment of their annual subscription to the Union to be deducted, on such regular basis as the Executive Council determines, from the member’s bank account or similar debit account;

Examples of Direct Debit Scheme in a sentence

• The SEPA B2B Direct Debit Scheme can only be used to originate payments if you are a business and additional terms apply.

• If you choose the SEPA Direct Debit Scheme for your purchase, your personal data, including the private bank details you provide, will be stored in your central customer account.

• If you have a large number of debtor receipts whether regular or irregular, the Direct Debit Scheme can be of benefit to your business.

• Within the central SEPA Direct Debit Scheme, only one customer account, and for this only one private banking connection from a SEPA member state, may be allocated to you.

• You cannot make a payment from Your Account under the UK Direct Debit Scheme (and, therefore, any such payment that We agree to make will not be protected by the Direct Debit Guarantee).

More Definitions of Direct Debit Scheme

Direct Debit Scheme means the facility offered to the Customer to pay towards the Total Payment due by way of monthly Direct Debit payments payable on the day of each month specified on the front page of this Contract.

Direct Debit Scheme means the system in which the Club offers to spread the cost of a Season Ticket

Direct Debit Scheme means a scheme where a member provides written authority for contributions payable to the QNTDB or the SA Divisional Branch to be deducted, on such regular basis as the respective Divisional Branch Secretary agrees, from the member’s financial institution, similar debit account or credit card;

Direct Debit Scheme means the facility offered to the Customer to pay towards the Total Payment due by way of monthly Direct Debit payments payable on the day of each month specified on the front page of this Agreement

Direct Debit Scheme means a scheme where a member provides written authority for the payment of Subscription Fees to the QNU to be deducted, on such regular basis as the QNU determines, from the member’s bank account or similar debit account;

Direct Debit Scheme means the scheme for the manual or automated debiting of bank accounts operated and administered by Bacs;

Direct Debit Scheme means a scheme where a member provides written authority for the payment of Subscription Fees to the QNMU to be deducted, on such regular basis as the QNMU determines, from the member’s bank account or similar debit account;