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The direct debit system is nearly identical to the US ACH system. Any funds pulled out of your account can be returned by a trip to the bank and signing an aff
by pstrateman 12y ago
The direct debit system is nearly identical to the US ACH system.
Any funds pulled out of your account can be returned by a trip to the bank and signing an affidavit.
The only difference is the inconvenience of having to physically go into the bank to reverse the payment.
- dublinben 12y agoThat might be pretty difficult for members of online banks with one or no physical bank locations. I can dispute a credit card charge by email, phone, or even the web.
- steveklabnik 12y agoIt's because ACH's version of chargebacks require that you sign an affidavit as part of the process.
- moolah_ 12y agoWith the vast majority of banks in the UK, a simple phone call with the two words "recover it" will suffice. They'll take care of the rest of the boring stuff.