Direct Debit Guarantee (UK)

GPTKB entity

Statements (22)
Predicate Object
gptkbp:instanceOf banking guarantee
gptkbp:administeredBy UK Payments Administration
gptkbp:appliesTo gptkb:Direct_Debit_payments
personal and business accounts
gptkbp:country gptkb:United_Kingdom
gptkbp:customerAction can claim refund via bank or building society
gptkbp:enforcedBy participating banks
gptkbp:excludes payments outside the Direct Debit Scheme
gptkbp:feature advance notice of changes to payments
cancellation rights
immediate refund for incorrect payments
gptkbp:guarantees refund for incorrect payment dates or amounts
refund for payments made in error
refund for unauthorised payments
https://www.w3.org/2000/01/rdf-schema#label Direct Debit Guarantee (UK)
gptkbp:introduced 1990
gptkbp:legalStatus voluntary code
gptkbp:offeredBy UK banks and building societies
gptkbp:purpose protects customers against errors in Direct Debit payments
gptkbp:relatedTo Direct Debit Scheme
gptkbp:bfsParent gptkb:Direct_Debit
gptkbp:bfsLayer 7