what is direct debit?

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what is direct debit?

i am having a commerce test tomorrow and i need this answer very soon

2006-12-14 04:26:32 · 3 answers · asked by suhwan 1 in Education & Reference ➔ Financial Aid

3 answers

You give out your bank routing and account number so your school(I assume) can withdraw money directly. The purpose is to automatically withdraw payments as an conveince for you.

2006-12-14 04:29:36 · answer #1 · answered by aisdean 3 · 0⤊ 0⤋

aisdean is correct. A direct debit is a withdrawl from you bank account without having to present a paper check.

2006-12-14 05:56:56 · answer #2 · answered by Sunny_1_ 3 · 0⤊ 0⤋

it wil come from your bank account immediatly

2006-12-14 04:27:39 · answer #3 · answered by Xoni 4 · 0⤊ 0⤋