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This document is a form that instructs a bank or building society to set up a Direct Debit payment to The Worshipful Company of Management Consultants. It includes necessary fields such as account holder\'s name, account number, and bank details. It also outlines the Direct Debit Guarantee, providing assurance to the payer regarding the security and efficiency of the Direct Debit Scheme.

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What is direct debit instruction?

A direct debit instruction is an authorization given by a bank account holder to a third party, allowing them to withdraw funds directly from the account on a specified date.

Who is required to file direct debit instruction?

A customer who wishes to set up a direct debit payment arrangement with a service provider or organization is required to file a direct debit instruction.

How to fill out direct debit instruction?

To fill out a direct debit instruction, the account holder must provide their bank details, specify the amount and frequency of the payments, and sign the authorization form.

What is the purpose of direct debit instruction?

The purpose of a direct debit instruction is to automate recurring payments, ensuring they are made on time and reducing the risk of missed payments.

What information must be reported on direct debit instruction?

The direct debit instruction must include the account holder's name, bank account number, sort code, the name of the organization receiving the payments, payment amount, frequency, and the account holder's signature.

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