Direct Debit Guarantee

GPTKB entity

Statements (16)
Predicate Object
gptkbp:instanceOf financial service guarantee
gptkbp:appliesTo gptkb:United_Kingdom
gptkb:Direct_Debit_payments
gptkbp:covers incorrect or fraudulent Direct Debit payments
gptkbp:enables cancellation of Direct Debits at any time
gptkbp:guarantees refund from bank or building society in case of error
https://www.w3.org/2000/01/rdf-schema#label Direct Debit Guarantee
gptkbp:introducedIn 1990
gptkbp:offeredBy UK banks and building societies
gptkbp:partOf Direct Debit Scheme
gptkbp:protectedBy payers of Direct Debits
gptkbp:provides immediate refund
gptkbp:regulates UK Payments Administration
gptkbp:requires advance notice of changes to payment amounts or dates
gptkbp:bfsParent gptkb:Bacs_Direct_Debit
gptkbp:bfsLayer 7