Not sure if this will interest anyone and if I'm the only one who didn't know this.....[:I]
Just had a conversation with a lady form the Co-op bank, long story but I feared my account would be closed but it's fine.
Anyhow, I asked her to clarify the d/d due date and said that I thought companies could only request a d/d AFTER the agreed date....not so!! She told me that it was company discretion and that they could request them basically anytime!!
The thing is, and I don't know how may others did, but I have always understood that the agreed date is the earliest they can take the direct debit. That means that, unless we always have a float in the bank to cover all of our d/d's, we could go overdrawn.
It's a scary thought for us who have basic acc's that can close for returned d/d's. [:(]
Last edited by
chris.g on Fri Jun 06, 2008 1:55 pm, edited 1 time in total.
It's nice to be back......