direct debit

noun

chiefly British
: a way of paying bills by allowing people or companies to take money directly from a customer's bank account on a particular day
paying your bills by direct debit

Examples of direct debit in a Sentence

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Utilities: £130 gas and electricity, £18 water, £120 council tax, £10 direct debit for annual boiler service. refinery29.com, 4 Oct. 2024 Payments may be set up using direct debit, a requirement for balances between $25,000 and $50,000. Jill Schlesinger, The Mercury News, 15 Apr. 2024 People expecting a refund and wanting to take it as a direct deposit or direct debit also should have relevant bank account information handy. The Arizona Republic, 6 Mar. 2024 Most folks prepay their energy bills by direct debit in the UK, and energy suppliers estimate your usage and set your monthly bill at a level to cover it. Simon Hill, WIRED, 7 Sep. 2022

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Cite this Entry

“Direct debit.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/direct%20debit. Accessed 21 Dec. 2024.

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