Once you have called the bank and requested it
2007-10-24 01:47:41 · 9 answers · asked by Dean B 1 in Business & Finance ➔ Personal Finance
i think 3 days we cancelled 1 on line and was advised any direct debits pending payment in the next 3 working days could not be stopped
2007-10-24 01:51:35 · answer #1 · answered by t g 3 · 0⤊ 0⤋
The bank can cancel a direct debit (DD) immediately but often will not. This is because you have given someone permission to take money from your account. They send your authority to the bank. In a strict legal sense the cancellation should come from the person or firm who sent the DD request to your bank. Some banks will actually contact the person / company who has been taking the money to make sure they know that you are cancelling the DD. This is why there can be delays and disputes before the DD gets cancelled.
2007-10-24 06:09:20 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I did it yesterday - immediate.
Had an e-mail to say my direct debit had been set up and accepted by the bank - I hadn't asked for a d/d to be set up. I went into the bank - it was cancelled immediately.
2007-10-24 01:59:46 · answer #3 · answered by Anonymous · 1⤊ 0⤋
The cancellation should take effect immediately, but some banks require you to go in and sign a cancellation form. Whichever way your bank works it should be from whenever you want the cancellation to take effect.
2007-10-24 06:19:09 · answer #4 · answered by Loxie 4 · 1⤊ 0⤋
Do NOT ever set up direct debit for anything. Always be the one in control of what money comes out of your account.
Would you rather dispute something with them having your money, or you? What happens if a mistake occurs? It's not worth it. Pay electronically if you want to, but not automatically.
It should be almost instantaneous, but a couple of business days at most.
good luck!
2007-10-24 02:39:29 · answer #5 · answered by Rush is a band 7 · 1⤊ 1⤋
Depends on the bank
2007-10-24 02:26:59 · answer #6 · answered by The Rugby Player 7 · 0⤊ 0⤋
it may desire to nevertheless pop out or you would be charged for a back direct debit, they're observed as in for charge as much as 3 days before the due date... you in addition to mght could desire to notify the corporation who u have been paying that that's cancelled
2016-12-15 08:02:46 · answer #7 · answered by ? 4 · 0⤊ 0⤋
"Me", personnaly it happens as soon as I go to the bank/building/s. and request it.At least that way I know it is done!!!
2007-10-24 01:56:09 · answer #8 · answered by ? 5 · 1⤊ 0⤋
should be straight away
2007-10-24 01:52:25 · answer #9 · answered by Humza 5 · 2⤊ 1⤋