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Fast com Limited PO Box 302 444. North Harbor, Auckland 0751 www.fastcom.co.nz | P. 0800 306 318DIRECT DEBIT FORM Name of account to be debited:AUTHORITY TO ACCEPT DIRECT DEBITS (Not to operate as

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How to fill out direct debits - banking

01

Locate the direct debit section on your banking app or website.

02

Select 'Set up new direct debit' option.

03

Enter the name of the company you wish to set up a direct debit with.

04

Enter the company's bank account number and sort code.

05

Choose the frequency of the direct debit (e.g. monthly, quarterly).

06

Enter the amount you wish to pay with the direct debit.

07

Confirm and authorize the direct debit setup with your banking security method (e.g. PIN, password).

Who needs direct debits - banking?

01

Individuals who want to automate regular bill payments, such as utility bills, mortgage payments, or subscription services.

02

Businesses that want to collect payments from customers on a recurring basis, such as membership fees or service charges.

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What is direct debits - banking?

Direct debits in banking are a form of payment where a person or business authorizes a bank to automatically withdraw money from their account to pay a bill or make a payment.

Who is required to file direct debits - banking?

Individuals or businesses who want to automate regular payments are required to set up direct debits with their bank.

How to fill out direct debits - banking?

To fill out a direct debit form, you need to provide your bank account details, the name of the company or organization you are paying, the amount to be paid, and the frequency of the payment.

What is the purpose of direct debits - banking?

The purpose of direct debits in banking is to automate regular payments and make the process more convenient for both the payer and the payee.

What information must be reported on direct debits - banking?

The information that must be reported on direct debits in banking includes the payer's bank account details, the name of the payee, the amount to be paid, and the frequency of the payment.

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