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Are you sure you aren’t confusing a bank transfer with direct debit? DD in the US requires PAD/PAP between the debtor and the collector and is cleared through A
by dogma1138 6y ago
Are you sure you aren’t confusing a bank transfer with direct debit? DD in the US requires PAD/PAP between the debtor and the collector and is cleared through ACH regardless of the size of the account or the sum.
- formerly_proven 6y agoNo, what GP is saying absolutely is a thing, but not terribly common. Bosch PT Service is one of not that many companies that use it. You only give them your IBAN and check a box basically saying you authorize them to debit the money from your account.
- dogma1138 6y agoThat’s how Direct Debit works all over the world, that tick is the PAD/PAP contract being signed you basically pre-approve debit requests with it.