English version

direct debit in Banking topic

From Longman Dictionary of Contemporary Englishdirect debitdiˌrect ˈdebit noun [countable, uncountable] British English  BFBBFBan instruction you give your bank to pay money directly out of your account regularly to a particular person or organization
Examples from the Corpus
direct debitWith a direct debit the person receiving payment tells your branch how much is due and when.Repayments commence in the April following completion of the course and are by direct debit.Donation by direct debit is now the lifeblood for most charities.Payments can be made by direct debit and standing orders.They refused to make the payment and cancelled her direct debit.It's simple to do this now by filling in the direct debit and covenant on the back of the donation form.